The stock of Manitowoc Company Inc (NYSE:MTW) is a huge mover today! About 665,081 shares traded hands. Manitowoc Company Inc (NYSE:MTW) has declined 14.85% since April 4, 2016 and is downtrending. It has underperformed by 15.94% the S&P500.
The move comes after 8 months positive chart setup for the $517.29 million company. It was reported on Nov, 4 by Barchart.com. We have $6.30 PT which if reached, will make NYSE:MTW worth $320.72 million more.
Manitowoc Company Inc (NYSE:MTW) Ratings Coverage
Out of 16 analysts covering Manitowoc Company (NYSE:MTW), 3 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 19% are positive. Manitowoc Company has been the topic of 33 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Manitowoc Company Inc (NYSE:MTW) has “Buy” rating given on Friday, May 6 by Seaport Global. The rating was downgraded by BB&T Capital on Friday, July 31 to “Hold”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, October 15 report. As per Wednesday, April 20, the company rating was upgraded by Stifel Nicolaus. Credit Suisse downgraded the stock to “Neutral” rating in Monday, April 4 report. The firm has “Neutral” rating by Citigroup given on Monday, October 5. The company was maintained on Tuesday, March 8 by Barclays Capital. The firm earned “Neutral” rating on Thursday, March 31 by Citigroup. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, October 12 report. Deutsche Bank initiated Manitowoc Company Inc (NYSE:MTW) rating on Wednesday, September 7. Deutsche Bank has “Hold” rating and $5.25 price target.
According to Zacks Investment Research, “Manitowoc Company, Inc. is a diversified, capital goods manufacturer. They are principally engaged in: a) the design and manufacture of commercial ice machines, ice/beverage dispensers and refrigeration products for the foodservice, lodging, convenience store, healthcare and the soft-drink bottling and dispensing industries; (b) the design and manufacture of cranes and related products which are used by the energy, construction, mining and other industries; and (c) ship-repair, conversion, and new construction services for the maritime industry.”
Insitutional Activity: The institutional sentiment decreased to 0.98 in Q2 2016. Its down 0.47, from 1.45 in 2016Q1. The ratio is negative, as 38 funds sold all Manitowoc Company Inc shares owned while 57 reduced positions. 35 funds bought stakes while 58 increased positions. They now own 103.94 million shares or 4.71% less from 109.08 million shares in 2016Q1.
Pnc Finance Inc holds 0% of its portfolio in Manitowoc Company Inc (NYSE:MTW) for 25,827 shares. Metropolitan Life Ins Ny has 0% invested in the company for 93,880 shares. Envestnet Asset Mgmt Incorporated accumulated 15,327 shares or 0% of the stock. Rhumbline Advisers last reported 0% of its portfolio in the stock. Ladenburg Thalmann Finance last reported 0% of its portfolio in the stock. Nationwide Fund Advisors has invested 0% of its portfolio in Manitowoc Company Inc (NYSE:MTW). Schwab Charles Invest Mgmt holds 799,061 shares or 0.01% of its portfolio. The United Kingdom-based Cantab Cap Llp has invested 0% in Manitowoc Company Inc (NYSE:MTW). Blackrock Advsrs Lc reported 62,054 shares or 0% of all its holdings. The New York-based Horizon Kinetics has invested 0.01% in Manitowoc Company Inc (NYSE:MTW). Private Advisor Group Inc Limited Liability Corporation holds 26,166 shares or 0.01% of its portfolio. Firefly Value Prns Limited Partnership holds 5.97% of its portfolio in Manitowoc Company Inc (NYSE:MTW) for 7.11M shares. Advisory Serv Ntwk Lc owns 7,115 shares or 0.01% of their US portfolio. Secor Advsrs Ltd Partnership last reported 0.1% of its portfolio in the stock. The New York-based Renaissance Technologies Ltd has invested 0% in Manitowoc Company Inc (NYSE:MTW).
Another recent and important Manitowoc Company Inc (NYSE:MTW) news was published by Nasdaq.com which published an article titled: “Earnings Reaction History: Manitowoc Company, Inc., 50.0% Follow-Through …” on November 01, 2016.
MTW Company Profile
The Manitowoc Company, Inc. (MTW), incorporated on July 15, 1920, is a multi-industry, capital goods manufacturer. The Firm operates in two principal markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). Crane is a well-known provider of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks. Foodservice is a maker of commercial foodservice equipment serving the ice, beverage, refrigeration, food-preparation, holding and cooking needs of restaurants, convenience stores, hotels, healthcare and institutional applications. The Company’s Crane products are principally marketed under the Manitowoc, Grove, Potain, National Crane, Shuttlelift and Manitowoc Crane Care brand names. The Company’s Foodservice products, services and solutions are marketed under brands, including Cleveland, Convotherm, Dean, Delfield, Fabristeel, Frymaster, Garland, Inducs, Kolpak, Koolaire, Lincoln, Manitowoc Beverage Systems, Manitowoc Ice, Merco, Merrychef, Moorwood Vulcan, Multiplex, RDI Systems, Servend, TRUpour, U.S. Range and Welbilt, and are supported by Manitowoc KitchenCare.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.