Analysts Set The Manitowoc Company, Inc. (NYSE:MTW) Price Target at $10.50

Shares of The Manitowoc Company, Inc. (NYSE:MTW) have been given an average rating of “Strong Sell” by the five research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $10.50.

A number of equities analysts have weighed in on the company. Wall Street Zen downgraded Manitowoc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Weiss Ratings downgraded Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Wells Fargo & Company reissued an “underweight” rating and set a $10.00 price target (up from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd. Finally, Barclays lowered their price target on Manitowoc from $13.00 to $11.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st.

Manitowoc Price Performance

Shares of NYSE MTW opened at $13.42 on Friday. The business’s 50 day moving average price is $13.28 and its two-hundred day moving average price is $12.36. The company has a market cap of $481.91 million, a PE ratio of 70.64 and a beta of 1.82. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.64. Manitowoc has a twelve month low of $7.26 and a twelve month high of $15.56.

Manitowoc (NYSE:MTW) last announced its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $677.10 million for the quarter, compared to analyst estimates of $637.00 million. Manitowoc had a return on equity of 1.71% and a net margin of 0.32%.Manitowoc’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. On average, analysts predict that Manitowoc will post 0.5 EPS for the current year.

Hedge Funds Weigh In On Manitowoc

Institutional investors and hedge funds have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in shares of Manitowoc in the third quarter valued at approximately $982,000. Jefferies Financial Group Inc. acquired a new position in shares of Manitowoc in the third quarter valued at approximately $1,351,000. Tudor Investment Corp ET AL grew its position in Manitowoc by 67.2% during the third quarter. Tudor Investment Corp ET AL now owns 203,758 shares of the industrial products company’s stock worth $2,040,000 after buying an additional 81,864 shares in the last quarter. CSM Advisors LLC grew its position in Manitowoc by 69.5% during the third quarter. CSM Advisors LLC now owns 143,065 shares of the industrial products company’s stock worth $1,433,000 after buying an additional 58,660 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in Manitowoc during the 3rd quarter worth $390,000. Institutional investors and hedge funds own 78.66% of the company’s stock.

Manitowoc Company Profile

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.