The stock of Manitowoc Company Inc (NYSE:MTW) is a huge mover today! About 1.01M shares traded hands. Manitowoc Company Inc (NYSE:MTW) has risen 4.13% since April 21, 2016 and is uptrending. It has underperformed by 1.20% the S&P500.
The move comes after 7 months positive chart setup for the $829.32M company. It was reported on Nov, 23 by Barchart.com. We have $6.36 PT which if reached, will make NYSE:MTW worth $66.35M more.
Analysts await Manitowoc Company Inc (NYSE:MTW) to report earnings on January, 26. They expect $-0.15 earnings per share, down 134.88% or $0.58 from last year’s $0.43 per share. After $-0.28 actual earnings per share reported by Manitowoc Company Inc for the previous quarter, Wall Street now forecasts -46.43% EPS growth.
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 firm has “Hold” rating by BB&T Capital given on Friday, July 31. The firm has “Buy” rating given on Wednesday, April 20 by Stifel Nicolaus. As per Monday, October 5, the company rating was maintained by Citigroup. On Tuesday, November 3 the stock rating was initiated by SunTrust with “Neutral”. Robert W. Baird downgraded it to “Neutral” rating and $15.0 target price in Thursday, October 15 report. Seaport Global Securities downgraded Manitowoc Company Inc (NYSE:MTW) rating on Thursday, October 20. Seaport Global Securities has “Neutral” rating and $5 price target. Deutsche Bank maintained Manitowoc Company Inc (NYSE:MTW) rating on Wednesday, October 12. Deutsche Bank has “Hold” rating and $4.84 price target. The company was initiated on Friday, September 25 by Barclays Capital. Citigroup maintained it with “Neutral” rating and $5.50 target price in Wednesday, August 10 report. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Wednesday, October 21 report.
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 0.83 in Q2 2016. Its down 0.15, from 0.98 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.
Moreover, Savings Bank Of Montreal Can has 0% invested in Manitowoc Company Inc (NYSE:MTW) for 14,858 shares. Hsbc Public Ltd Liability Com holds 0% of its portfolio in Manitowoc Company Inc (NYSE:MTW) for 27,790 shares. Winch Advisory Service Limited Liability Company last reported 1,212 shares in the company. Creative Planning has 5,169 shares for 0% of their US portfolio. Delta Asset Mngmt Llc Tn holds 948 shares or 0% of its portfolio. Cantab Capital Prtn Ltd Liability Partnership has 0% invested in the company for 141,324 shares. Jane Street Ltd holds 0% of its portfolio in Manitowoc Company Inc (NYSE:MTW) for 14,026 shares. Sii Invs Inc Wi has 22,005 shares for 0.01% of their US portfolio. Credit Suisse Ag holds 0.01% or 1.17 million shares in its portfolio. Gray Financial Gp Ga Adv Adv holds 0% or 24,538 shares in its portfolio. Teacher Retirement Of Texas reported 18,276 shares or 0% of all its holdings. J Goldman & Lp last reported 0.01% of its portfolio in the stock. Bankshares Of New York Mellon reported 683,620 shares or 0% of all its holdings. Moreover, First Manhattan Co has 0% invested in Manitowoc Company Inc (NYSE:MTW) for 1,000 shares. Vanguard Grp Incorporated accumulated 0% or 9.10 million shares.
More news for Manitowoc Company Inc (NYSE:MTW) were recently published by: Equitiesfocus.com, which released: “Manitowoc Company, Inc. (The) (NYSE:MTW) Short-Term Price Target At $4.47” on November 23, 2016. Nasdaq.com‘s article titled: “Earnings Reaction History: Manitowoc Company, Inc., 50.0% Follow-Through …” and published on November 01, 2016 is yet another important article.
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.
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