The Manitowoc Company, Inc. (NYSE:MTW) Receives Consensus Rating of “Strong Sell” from Analysts

The Manitowoc Company, Inc. (NYSE:MTW) has been given a consensus recommendation of “Strong Sell” by the five analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $11.00.

Several brokerages have recently issued reports on MTW. Barclays increased their price target on shares of Manitowoc from $10.00 to $13.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 11th. Weiss Ratings cut Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Wall Street Zen lowered Manitowoc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $10.00 price objective (up from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd.

Manitowoc Trading Down 0.5%

MTW opened at $12.16 on Wednesday. Manitowoc has a 52 week low of $7.06 and a 52 week high of $15.56. The business has a fifty day simple moving average of $13.82 and a 200-day simple moving average of $12.07. The firm has a market cap of $431.32 million, a P/E ratio of 64.00 and a beta of 1.83. 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 (NYSE:MTW) last posted its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). Manitowoc had a net margin of 0.32% and a return on equity of 1.71%. The firm had revenue of $677.10 million during the quarter, compared to analysts’ expectations of $637.00 million. During the same quarter in the prior year, the firm posted $0.10 EPS. Manitowoc’s quarterly revenue was up 13.6% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. On average, equities analysts expect that Manitowoc will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Manitowoc

Several institutional investors have recently modified their holdings of the company. Garner Asset Management Corp acquired a new position in shares of Manitowoc during the fourth quarter worth $36,000. Quantbot Technologies LP purchased a new stake in Manitowoc during the 3rd quarter worth about $47,000. Tower Research Capital LLC TRC boosted its position in shares of Manitowoc by 131.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 2,575 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Manitowoc in the 2nd quarter valued at about $84,000. Finally, Caxton Associates LLP acquired a new stake in shares of Manitowoc during the 1st quarter worth about $112,000. 78.66% of the stock is owned by hedge funds and other institutional investors.

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.