Shares of Manitowoc Company, Inc. (The) (NYSE:MTW) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $7.19.

MTW has been the subject of a number of research reports. Jefferies Group LLC upped their price objective on Manitowoc Company, Inc. (The) from $7.25 to $8.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. Deutsche Bank AG upped their price objective on Manitowoc Company, Inc. (The) from $6.22 to $6.30 and gave the company a “hold” rating in a research report on Friday, May 12th. BidaskClub cut Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine upgraded Manitowoc Company, Inc. (The) from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research cut Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.

A number of hedge funds have recently modified their holdings of MTW. Vanguard Group Inc. boosted its stake in shares of Manitowoc Company, Inc. (The) by 4.6% in the second quarter. Vanguard Group Inc. now owns 10,621,323 shares of the industrial products company’s stock worth $63,834,000 after buying an additional 471,356 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Manitowoc Company, Inc. (The) by 21.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,647,423 shares of the industrial products company’s stock worth $51,970,000 after buying an additional 1,499,384 shares during the last quarter. Southpoint Capital Advisors LP boosted its stake in shares of Manitowoc Company, Inc. (The) by 29.2% in 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 buying an additional 1,750,000 shares during the last quarter. Harris Associates L P boosted its stake in shares of Manitowoc Company, Inc. (The) by 1.4% in the first quarter. Harris Associates L P now owns 6,597,924 shares of the industrial products company’s stock worth $37,608,000 after buying an additional 88,500 shares during the last quarter. Finally, Investec Asset Management LTD boosted its stake in shares of Manitowoc Company, Inc. (The) by 2.7% in the first quarter. Investec Asset Management LTD now owns 5,111,033 shares of the industrial products company’s stock worth $29,133,000 after buying an additional 132,031 shares during the last quarter. Institutional investors and hedge funds own 79.11% of the company’s stock.

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Shares of Manitowoc Company, Inc. (MTW) traded down 1.53% during trading on Wednesday, reaching $7.71. 1,746,344 shares of the company were exchanged. Manitowoc Company, Inc. has a one year low of $3.65 and a one year high of $8.40. The firm’s 50 day moving average price is $6.60 and its 200 day moving average price is $6.11. The company’s market capitalization is $1.08 billion.

Manitowoc Company, Inc. (The) (NYSE:MTW) last posted its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09. The company had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $396.44 million. Manitowoc Company, Inc. (The) had a negative return on equity of 14.85% and a negative net margin of 14.63%. Manitowoc Company, Inc. (The)’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 earnings per share. Equities research analysts forecast that Manitowoc Company, Inc. will post ($0.14) earnings per share for the current fiscal year.

About Manitowoc Company, Inc. (The)

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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