RBC Capital Seems to Have Gained Confidence In Manitowoc Company (NYSE:MTW), Upgrades Stocks

January 23, 2018 - By Darrin Black

  RBC Capital Seems to Have Gained Confidence In Manitowoc Company (NYSE:MTW), Upgrades Stocks

Investors sentiment increased to 1.33 in 2017 Q3. Its up 0.32, from 1.01 in 2017Q2. It is positive, as 22 investors sold The Manitowoc Company, Inc. shares while 42 reduced holdings. 37 funds opened positions while 48 raised stakes. 109.39 million shares or 0.14% more from 109.24 million shares in 2017Q2 were reported.

Morgan Stanley stated it has 0% in The Manitowoc Company, Inc. (NYSE:MTW). Cantab Ptnrs Limited Liability Partnership has invested 0.06% in The Manitowoc Company, Inc. (NYSE:MTW). Firefly Value Partners Ltd Partnership stated it has 8.52% of its portfolio in The Manitowoc Company, Inc. (NYSE:MTW). Weitz Inv Management invested 0.09% in The Manitowoc Company, Inc. (NYSE:MTW). Moreover, Walleye Trading Limited Company has 0% invested in The Manitowoc Company, Inc. (NYSE:MTW) for 12,876 shares. Commonwealth Equity Ser has 39,981 shares. Hsbc Public Ltd Co, a United Kingdom-based fund reported 93,434 shares. 13D Mngmt Ltd Liability holds 477,378 shares or 1.63% of its portfolio. Quantbot Techs Limited Partnership invested in 0.02% or 23,394 shares. Pacad Investment reported 3,700 shares stake. Hbk Investments Lp invested in 103,000 shares or 0.01% of the stock. Winch Advisory Svcs Lc holds 0% or 101 shares in its portfolio. 1.20M were reported by Emerald Advisers Inc Pa. Lpl Ltd Co holds 78,543 shares or 0% of its portfolio. Moreover, Parkside Finance Fincl Bank has 0% invested in The Manitowoc Company, Inc. (NYSE:MTW).

Manitowoc Company (NYSE:MTW) Stock Upgrade

In analysts note released earlier today, RBC Capital increased shares of Manitowoc Company (NYSE:MTW) to a Buy. Analysts currently have a $12.0 target price per share on the shares. RBC Capital’s target price per share suggests a ppossible downside of -70.25 % from the last stock price of the stock.

Investors sentiment increased to 1.33 in 2017 Q3. Its up 0.32, from 1.01 in 2017Q2. It is positive, as 22 investors sold The Manitowoc Company, Inc. shares while 42 reduced holdings. 37 funds opened positions while 48 raised stakes. 109.39 million shares or 0.14% more from 109.24 million shares in 2017Q2 were reported.

Morgan Stanley stated it has 0% in The Manitowoc Company, Inc. (NYSE:MTW). Cantab Ptnrs Limited Liability Partnership has invested 0.06% in The Manitowoc Company, Inc. (NYSE:MTW). Firefly Value Partners Ltd Partnership stated it has 8.52% of its portfolio in The Manitowoc Company, Inc. (NYSE:MTW). Weitz Inv Management invested 0.09% in The Manitowoc Company, Inc. (NYSE:MTW). Moreover, Walleye Trading Limited Company has 0% invested in The Manitowoc Company, Inc. (NYSE:MTW) for 12,876 shares. Commonwealth Equity Ser has 39,981 shares. Hsbc Public Ltd Co, a United Kingdom-based fund reported 93,434 shares. 13D Mngmt Ltd Liability holds 477,378 shares or 1.63% of its portfolio. Quantbot Techs Limited Partnership invested in 0.02% or 23,394 shares. Pacad Investment reported 3,700 shares stake. Hbk Investments Lp invested in 103,000 shares or 0.01% of the stock. Winch Advisory Svcs Lc holds 0% or 101 shares in its portfolio. 1.20M were reported by Emerald Advisers Inc Pa. Lpl Ltd Co holds 78,543 shares or 0% of its portfolio. Moreover, Parkside Finance Fincl Bank has 0% invested in The Manitowoc Company, Inc. (NYSE:MTW).

The Manitowoc Company, Inc. (NYSE:MTW) Ratings Coverage

Among 17 analysts covering Manitowoc Company (NYSE:MTW), 6 have Buy rating, 0 Sell and 11 Hold. Therefore 35% are positive. Manitowoc Company has $47.0 highest and $3.25 lowest target. $14.22’s average target is -64.75% below currents $40.34 stock price. Manitowoc Company had 60 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, October 13 by Citigroup. The firm earned “Buy” rating on Friday, June 16 by Jefferies. The stock of The Manitowoc Company, Inc. (NYSE:MTW) has “Buy” rating given on Monday, September 18 by Jefferies. On Thursday, October 15 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The firm has “Neutral” rating given on Thursday, March 31 by Citigroup. On Thursday, October 26 the stock rating was maintained by SunTrust with “Hold”. The firm has “Hold” rating by Deutsche Bank given on Wednesday, August 9. Barclays Capital maintained The Manitowoc Company, Inc. (NYSE:MTW) rating on Tuesday, March 8. Barclays Capital has “Equal-Weight” rating and $4 target. RBC Capital Markets maintained the shares of MTW in report on Thursday, October 15 with “Sector Perform” rating. On Wednesday, June 21 the stock rating was maintained by RBC Capital Markets with “Hold”.

The stock decreased 0.74% or $0.3 during the last trading session, reaching $40.34. About 194,426 shares traded. The Manitowoc Company, Inc. (NYSE:MTW) has risen 0.72% since January 23, 2017 and is uptrending. It has underperformed by 15.98% the S&P500.

Analysts await The Manitowoc Company, Inc. (NYSE:MTW) to report earnings on February, 7. They expect $-0.08 EPS, up 91.30 % or $0.84 from last year’s $-0.92 per share. After $0.36 actual EPS reported by The Manitowoc Company, Inc. for the previous quarter, Wall Street now forecasts -122.22 % negative EPS growth.

The Manitowoc Company, Inc. provides engineered lifting equipment for the construction industry worldwide. The company has market cap of $1.42 billion. The firm creates and makes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks the National Crane brand. It currently has negative earnings. It also provides crane product parts and services; and crane rebuilding, remanufacturing, and training services under the Manitowoc Crane Care brand.

Another recent and important The Manitowoc Company, Inc. (NYSE:MTW) news was published by Biztimes.com which published an article titled: “The Manitowoc Company moving HQ to Milwaukee” on January 15, 2018.

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