Manitowoc Company, Inc. (The) (NYSE:MTW)‘s stock had its “neutral” rating reaffirmed by stock analysts at UBS AG in a report issued on Thursday, www.flashratings.com reports. They presently have a $8.00 target price on the industrial products company’s stock, up from their prior target price of $6.00. UBS AG’s price target would suggest a potential upside of 2.56% from the stock’s current price.

Several other research firms have also recently commented on MTW. Jefferies Group LLC reaffirmed a “buy” rating and issued a $9.50 price objective (up from $8.00) on shares of Manitowoc Company, Inc. (The) in a research report on Wednesday. Deutsche Bank AG boosted their price objective on shares of Manitowoc Company, Inc. (The) from $5.81 to $7.85 and gave the company a “hold” rating in a research report on Wednesday. TheStreet raised shares of Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a research report on Monday. Credit Suisse Group boosted their price objective on shares of Manitowoc Company, Inc. (The) from $6.10 to $8.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, ValuEngine raised shares of Manitowoc Company, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Manitowoc Company, Inc. (The) presently has a consensus rating of “Hold” and a consensus price target of $6.85.

Manitowoc Company, Inc. (NYSE MTW) remained flat at $7.80 during trading on Thursday. The company’s stock had a trading volume of 2,468,850 shares. The company’s market cap is $1.10 billion. The company has a 50-day moving average price of $6.08 and a 200 day moving average price of $6.05. Manitowoc Company, Inc. has a 52 week low of $3.65 and a 52 week high of $8.40.

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 the consensus estimate of ($0.04) by $0.09. The business had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $396.44 million. Manitowoc Company, Inc. (The) had a negative net margin of 14.63% and a negative return on equity of 14.86%. The firm’s revenue was down 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 EPS. Equities analysts predict that Manitowoc Company, Inc. will post ($0.21) EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its position in Manitowoc Company, Inc. (The) by 1.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 41,085 shares of the industrial products company’s stock valued at $234,000 after buying an additional 406 shares in the last quarter. Bank of America Corp DE raised its position in Manitowoc Company, Inc. (The) by 1.6% in the first quarter. Bank of America Corp DE now owns 90,840 shares of the industrial products company’s stock valued at $518,000 after buying an additional 1,391 shares in the last quarter. Birmingham Capital Management Co. Inc. AL raised its position in Manitowoc Company, Inc. (The) by 6.3% in the second quarter. Birmingham Capital Management Co. Inc. AL now owns 28,575 shares of the industrial products company’s stock valued at $172,000 after buying an additional 1,700 shares in the last quarter. Nationwide Fund Advisors raised its position in Manitowoc Company, Inc. (The) by 1.7% in the first quarter. Nationwide Fund Advisors now owns 104,384 shares of the industrial products company’s stock valued at $595,000 after buying an additional 1,783 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Manitowoc Company, Inc. (The) by 1.1% in the second quarter. Rhumbline Advisers now owns 175,558 shares of the industrial products company’s stock valued at $1,055,000 after buying an additional 1,977 shares in the last quarter. Institutional investors own 79.25% of the company’s stock.

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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