The Manitowoc Company, Inc. (NYSE:MTW) Receives $10.50 Average PT from Brokerages

Shares of The Manitowoc Company, Inc. (NYSE:MTW) have earned an average rating of “Strong Sell” from the five research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $10.50.

A number of research firms have issued reports on MTW. Weiss Ratings cut shares of Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Wall Street Zen cut shares of Manitowoc from a “buy” rating to a “hold” rating in a report on Saturday. Barclays decreased their price target on shares of Manitowoc from $13.00 to $11.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Finally, Wells Fargo & Company restated an “underweight” rating and set a $10.00 price target (up from $9.00) on shares of Manitowoc in a report on Friday, January 23rd.

Institutional Investors Weigh In On Manitowoc

Hedge funds have recently made changes to their positions in the stock. Garner Asset Management Corp bought a new stake in shares of Manitowoc in the fourth quarter valued at about $36,000. Quantbot Technologies LP bought a new stake in shares of Manitowoc in the third quarter valued at about $47,000. Tower Research Capital LLC TRC lifted its stake 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 during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Manitowoc in the second quarter valued at about $84,000. Finally, Caxton Associates LLP bought a new stake in shares of Manitowoc in the first quarter valued at about $112,000. Institutional investors own 78.66% of the company’s stock.

Manitowoc Trading Down 1.1%

Manitowoc stock opened at $13.00 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.10 and a quick ratio of 0.72. The company has a market capitalization of $466.87 million, a price-to-earnings ratio of 65.01 and a beta of 1.81. Manitowoc has a one year low of $9.09 and a one year high of $15.56. The company’s fifty day moving average price is $12.80 and its two-hundred day moving average price is $12.66.

Manitowoc (NYSE:MTW) last posted its earnings results on Tuesday, May 5th. The industrial products company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.17). The business had revenue of $494.60 million for the quarter, compared to analyst estimates of $517.00 million. Manitowoc had a return on equity of 1.85% and a net margin of 0.33%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.16) earnings per share. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. On average, analysts forecast that Manitowoc will post 0.68 earnings per share for the current fiscal 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.