Barclays Boosts Manitowoc (NYSE:MTW) Price Target to $13.00

Manitowoc (NYSE:MTW) had its price target boosted by Barclays from $10.00 to $13.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the industrial products company’s stock. Barclays‘s target price would suggest a potential downside of 15.28% from the stock’s previous close.

MTW has been the topic of several other research reports. Wall Street Zen raised Manitowoc from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Manitowoc in a research report on Monday, December 22nd. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $10.00 price target (up previously from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $11.00.

Manitowoc Price Performance

Shares of NYSE MTW opened at $15.35 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.66 and a current ratio of 2.14. Manitowoc has a one year low of $7.06 and a one year high of $15.56. The firm has a market capitalization of $544.30 million, a P/E ratio of 80.73 and a beta of 1.88. The company’s fifty day moving average is $13.14 and its two-hundred day moving average is $11.52.

Manitowoc (NYSE:MTW) last announced its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $677.10 million during the quarter, compared to analyst estimates of $637.00 million. Manitowoc had a net margin of 0.32% and a return on equity of 1.73%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the business earned $0.10 EPS. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. Analysts forecast that Manitowoc will post 0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.