Analysts Set The Manitowoc Company, Inc. (NYSE:MTW) Target Price at $11.00

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

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

Manitowoc Stock Performance

Shares of MTW opened at $14.69 on Friday. The business has a 50-day simple moving average of $13.55 and a two-hundred day simple moving average of $11.68. 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 52 week low of $7.06 and a 52 week high of $15.56. The stock has a market cap of $521.05 million, a price-to-earnings ratio of 77.32 and a beta of 1.88.

Manitowoc (NYSE:MTW) last posted its quarterly earnings data 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 company had revenue of $677.10 million for the quarter, compared to analysts’ expectations of $637.00 million. Manitowoc had a net margin of 0.32% and a return on equity of 1.71%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. On average, analysts expect that Manitowoc will post 0.5 EPS for the current year.

Institutional Investors Weigh In On Manitowoc

Several institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna Fundamental Investments LLC boosted its position in shares of Manitowoc by 135.6% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 42,904 shares of the industrial products company’s stock worth $514,000 after acquiring an additional 24,696 shares during the last quarter. 9823 Capital L.P. bought a new position in shares of Manitowoc during the 4th quarter valued at about $179,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Manitowoc during the fourth quarter valued at about $294,000. Lazard Asset Management LLC bought a new stake in shares of Manitowoc in the fourth quarter worth about $1,449,000. Finally, Trexquant Investment LP lifted its position in shares of Manitowoc by 125.3% in the fourth quarter. Trexquant Investment LP now owns 115,921 shares of the industrial products company’s stock worth $1,390,000 after buying an additional 64,460 shares in the last quarter. Institutional investors 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.