The Manitowoc Company, Inc. (NYSE:MTW) Receives $11.00 Consensus Price Target from Brokerages

The Manitowoc Company, Inc. (NYSE:MTW) has been given a consensus recommendation of “Strong Sell” by the five brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $11.00.

Several analysts recently commented on the stock. Barclays lifted their target price on shares of Manitowoc from $10.00 to $13.00 and gave the stock an “underweight” rating in a report on Wednesday, February 11th. Weiss Ratings cut Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $10.00 target price (up previously from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd. Finally, Wall Street Zen cut Manitowoc from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th.

Institutional Investors Weigh In On Manitowoc

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Garner Asset Management Corp acquired a new position in shares of Manitowoc in the fourth quarter valued at about $36,000. Tower Research Capital LLC TRC raised its position in shares of Manitowoc by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock valued at $55,000 after buying an additional 2,575 shares in the last quarter. Quantbot Technologies LP bought a new position in Manitowoc during the 3rd quarter worth $47,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Manitowoc during the 2nd quarter worth $84,000. Finally, CWM LLC raised its holdings in Manitowoc by 669.9% in the 2nd quarter. CWM LLC now owns 7,329 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 6,377 shares in the last quarter. Institutional investors and hedge funds own 78.66% of the company’s stock.

Manitowoc Stock Down 0.8%

MTW stock opened at $14.34 on Friday. Manitowoc has a 1-year low of $7.06 and a 1-year high of $15.56. The business’s 50 day simple moving average is $13.48 and its 200 day simple moving average is $11.63. The company has a current ratio of 2.23, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $508.68 million, a PE ratio of 75.48 and a beta of 1.88.

Manitowoc (NYSE:MTW) last released its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Manitowoc had a return on equity of 1.71% and a net margin of 0.32%.The company had revenue of $677.10 million for the quarter, compared to the consensus estimate of $637.00 million. During the same period last year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. As a group, research analysts anticipate that Manitowoc will post 0.5 EPS for the current year.

About Manitowoc

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company’s product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.