The stock of Manitowoc Company Inc (NYSE:MTW) is a huge mover today! The stock increased 4.13% or $0.19 during the last trading session, hitting $4.79. About 1.49M shares traded hands. Manitowoc Company Inc (NYSE:MTW) has declined 70.38% since February 26, 2016 and is downtrending. It has underperformed by 80.80% the S&P500.
The move comes after 9 months positive chart setup for the $663.32 million company. It was reported on Oct, 1 by Barchart.com. We have $8.10 PT which if reached, will make NYSE:MTW worth $457.69M more.
Analysts await Manitowoc Company Inc (NYSE:MTW) to report earnings on October, 26. They expect $-0.09 EPS, down 200.00% or $0.18 from last year’s $0.09 per share. After $0.04 actual EPS reported by Manitowoc Company Inc for the previous quarter, Wall Street now forecasts -325.00% negative EPS growth.
Manitowoc Company Inc (NYSE:MTW) Ratings Coverage
Out of 15 analysts covering Manitowoc Company (NYSE:MTW), 3 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 20% are positive. Manitowoc Company has been the topic of 30 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Citigroup given on Thursday, March 31. The stock of Manitowoc Company Inc (NYSE:MTW) earned “Neutral” rating by Citigroup on Monday, October 5. The firm earned “Equal-Weight” rating on Tuesday, March 8 by Barclays Capital. Citigroup maintained Manitowoc Company Inc (NYSE:MTW) on Wednesday, August 10 with “Neutral” rating. As per Friday, July 31, the company rating was downgraded by BB&T Capital. The stock of Manitowoc Company Inc (NYSE:MTW) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, October 21. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, October 15. The stock of Manitowoc Company Inc (NYSE:MTW) earned “Neutral” rating by UBS on Friday, August 12. Seaport Global upgraded Manitowoc Company Inc (NYSE:MTW) on Friday, May 6 to “Buy” rating. The firm has “Neutral” rating by Robert W. Baird given on Thursday, October 15.
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 worsened, 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.
Trexquant Limited Partnership has 94,800 shares for 0.07% of their US portfolio. Highbridge Capital Mgmt Lc holds 0% of its portfolio in Manitowoc Company Inc (NYSE:MTW) for 52,402 shares. Blackrock Management Limited Liability last reported 520,880 shares in the company. Citigroup owns 48,383 shares or 0% of their US portfolio. Moreover, Quantbot L P has 0.02% invested in Manitowoc Company Inc (NYSE:MTW) for 28,108 shares. Moreover, Cubist Systematic Strategies Lc has 0.04% invested in Manitowoc Company Inc (NYSE:MTW) for 124,238 shares. Bank & Trust Of America De has invested 0% of its portfolio in Manitowoc Company Inc (NYSE:MTW). Next Fincl Gru Inc last reported 100 shares in the company. State Bank Of Montreal Can has invested 0% of its portfolio in Manitowoc Company Inc (NYSE:MTW). Raymond James Associates, a Florida-based fund reported 15,074 shares. Blackrock has invested 0% of its portfolio in Manitowoc Company Inc (NYSE:MTW). The Pennsylvania-based Hudock Cap Group Inc Limited Liability Corp has invested 0% in Manitowoc Company Inc (NYSE:MTW). The Virginia-based Toth Fincl Advisory Corporation has invested 0.33% in Manitowoc Company Inc (NYSE:MTW). Deutsche State Bank Ag accumulated 53,982 shares or 0% of the stock. Leavell Investment holds 0.01% of its portfolio in Manitowoc Company Inc (NYSE:MTW) for 15,581 shares.
More news for Manitowoc Company Inc (NYSE:MTW) were recently published by: Businesswire.com, which released: “The Manitowoc Company, Inc. Board of Directors Formally Approves Separation of …” on February 11, 2016. Businesswire.com‘s article titled: “The Manitowoc Company, Inc. Announces Completion of Manitowoc Foodservice Spin-off” and published on March 04, 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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