Robert W. Baird reaffirmed their buy rating on shares of Manitowoc Company, Inc. (The) (NYSE:MTW) in a research report report published on Friday morning. Robert W. Baird currently has a $47.00 price target on the industrial products company’s stock.

Several other brokerages have also recently commented on MTW. SunTrust Banks, Inc. reiterated a hold rating and issued a $28.00 target price on shares of Manitowoc Company, Inc. (The) in a report on Friday, October 27th. BidaskClub upgraded shares of Manitowoc Company, Inc. (The) from a hold rating to a buy rating in a report on Friday, August 11th. Stifel Nicolaus raised their target price on shares of Manitowoc Company, Inc. (The) from $36.00 to $48.00 and gave the stock a buy rating in a report on Wednesday, November 8th. Jefferies Group LLC reiterated a buy rating on shares of Manitowoc Company, Inc. (The) in a report on Friday, November 10th. Finally, Citigroup Inc. raised their target price on shares of Manitowoc Company, Inc. (The) from $34.00 to $40.00 and gave the stock a neutral rating in a report on Friday, October 13th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $37.34.

Manitowoc Company, Inc. (NYSE:MTW) opened at $39.39 on Friday. Manitowoc Company, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $42.12. The company has a current ratio of 1.76, a quick ratio of 0.67 and a debt-to-equity ratio of 0.44.

Manitowoc Company, Inc. (The) (NYSE:MTW) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.44. Manitowoc Company, Inc. (The) had a negative net margin of 4.01% and a negative return on equity of 6.17%. The company had revenue of $399.40 million during the quarter, compared to analysts’ expectations of $385.01 million. During the same period last year, the company posted ($1.12) earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. sell-side analysts expect that Manitowoc Company, Inc. will post -0.18 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Manitowoc Company, Inc. (The) by 4.6% during the second quarter. Vanguard Group Inc. now owns 10,621,323 shares of the industrial products company’s stock worth $63,834,000 after purchasing an additional 471,356 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Manitowoc Company, Inc. (The) by 5.4% during the third quarter. Dimensional Fund Advisors LP now owns 9,113,220 shares of the industrial products company’s stock worth $82,019,000 after purchasing an additional 465,797 shares during the period. Southpoint Capital Advisors LP boosted its holdings in shares of Manitowoc Company, Inc. (The) by 29.2% during the second quarter. Southpoint Capital Advisors LP now owns 7,750,000 shares of the industrial products company’s stock worth $46,578,000 after purchasing an additional 1,750,000 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Manitowoc Company, Inc. (The) by 14.2% during the second quarter. Franklin Resources Inc. now owns 3,549,300 shares of the industrial products company’s stock worth $21,331,000 after purchasing an additional 440,000 shares during the period. Finally, State Street Corp boosted its holdings in shares of Manitowoc Company, Inc. (The) by 6.4% during the second quarter. State Street Corp now owns 2,483,741 shares of the industrial products company’s stock worth $14,926,000 after purchasing an additional 150,097 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.

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Manitowoc Company, Inc. (The) Company Profile

The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.

Analyst Recommendations for Manitowoc Company, Inc. (The) (NYSE:MTW)

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