Manitowoc Company, Inc. (The) (MTW) Receiving Somewhat Positive News Coverage, Analysis Finds
Headlines about Manitowoc Company, Inc. (The) (NYSE:MTW) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Manitowoc Company, Inc. (The) earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.1270926326019 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Manitowoc Company, Inc. (The) (NYSE:MTW) Closed Much Higher Than Its 50 Day Moving Average – First News 24 (firstnewspaper24.com)
- Manitowoc Company, Inc. (The) (NYSE:MTW) Traded 13.5% Above Its 50 Day Average – Modern Readers (modernreaders.com)
- Raven Industries, Inc. (NasdaqGS:RAVN) and The Manitowoc Company, Inc. (NYSE:MTW) Value Score in Focus – Financial News Review (finnewsreview.com)
- Manitowoc Co Has Returned 19.7% Since SmarTrend Recommendation (MTW) (mysmartrend.com)
- ETFs with exposure to The Manitowoc Co., Inc. : August 25, 2017 (finance.yahoo.com)
MTW has been the subject of several recent analyst reports. Jefferies Group LLC upped their target price on Manitowoc Company, Inc. (The) from $7.25 to $8.00 and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Deutsche Bank AG upped their target price on Manitowoc Company, Inc. (The) from $6.22 to $6.30 and gave the stock a “hold” rating in a research note on Friday, May 12th. BidaskClub cut Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. ValuEngine upgraded Manitowoc Company, Inc. (The) from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research cut Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $7.19.
Shares of Manitowoc Company, Inc. (NYSE MTW) traded up 4.29% on Wednesday, hitting $8.26. The stock had a trading volume of 2,704,352 shares. Manitowoc Company, Inc. has a 1-year low of $3.65 and a 1-year high of $8.40. The firm has a 50-day moving average of $6.72 and a 200 day moving average of $6.14. The company’s market capitalization is $1.16 billion.
Manitowoc Company, Inc. (The) (NYSE:MTW) last issued its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.09. Manitowoc Company, Inc. (The) had a negative net margin of 14.63% and a negative return on equity of 14.85%. The firm had revenue of $394.60 million for the quarter, compared to the consensus estimate of $396.44 million. During the same quarter in the previous year, the firm earned $0.03 EPS. The company’s quarterly revenue was down 13.8% compared to the same quarter last year. On average, equities analysts anticipate 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.
Receive News & Ratings for Manitowoc Company Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitowoc Company Inc. (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.