The stock of Manitowoc Company Inc (NYSE:MTW) is a huge mover today! About 2.39M shares traded hands or 63.70% up from the average. Manitowoc Company Inc (NYSE:MTW) has risen 6.88% since April 8, 2016 and is uptrending. It has outperformed by 1.23% the S&P500.
The move comes after 6 months positive chart setup for the $846.39M company. It was reported on Nov, 10 by Barchart.com. We have $8.01 PT which if reached, will make NYSE:MTW worth $423.20M more.
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 stock has “Neutral” rating given by Seaport Global Securities on Thursday, October 20. Suntrust Robinson initiated the shares of MTW in a report on Tuesday, November 3 with “Neutral” rating. Stifel Nicolaus upgraded the stock to “Buy” rating in Wednesday, April 20 report. As per Friday, July 31, the company rating was downgraded by BB&T Capital. The rating was downgraded by Credit Suisse to “Neutral” on Monday, April 4. The firm has “Hold” rating given on Wednesday, September 7 by Deutsche Bank. The firm has “Neutral” rating given on Thursday, October 15 by Robert W. Baird. On Monday, July 27 the stock rating was downgraded by Goldman Sachs to “Sell”. RBC Capital Markets maintained the shares of MTW in a report on Thursday, October 15 with “Sector Perform” rating. The firm has “Neutral” rating given on Wednesday, August 10 by Citigroup.
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 dropped, 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.
Tiaa Cref Inv Ltd Liability accumulated 0% or 692,251 shares. Barclays Public Limited Company, a United Kingdom-based fund reported 28,467 shares. Ksa Capital Mgmt Limited Liability Corp holds 0.07% or 50,000 shares in its portfolio. The Illinois-based Fortaleza Asset has invested 0.09% in Manitowoc Company Inc (NYSE:MTW). Citigroup holds 0% of its portfolio in Manitowoc Company Inc (NYSE:MTW) for 48,383 shares. Gray Grp Inc Ga Adv Adv holds 0% of its portfolio in Manitowoc Company Inc (NYSE:MTW) for 24,538 shares. The New Jersey-based Fincl Architects has invested 0% in Manitowoc Company Inc (NYSE:MTW). Raymond James And holds 0% of its portfolio in Manitowoc Company Inc (NYSE:MTW) for 15,074 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 11,230 shares or 0% of the stock. Guggenheim Capital Ltd Com holds 49,546 shares or 0% of its portfolio. Moreover, Princeton Alpha Mngmt Limited Partnership has 0.07% invested in Manitowoc Company Inc (NYSE:MTW) for 70,878 shares. First Manhattan last reported 1,000 shares in the company. Advisory Networks accumulated 7,115 shares or 0.01% of the stock. Us Bancorp De last reported 0% of its portfolio in the stock. Moreover, Checchi Cap Advisers Limited Liability Company has 0% invested in Manitowoc Company Inc (NYSE:MTW) for 1,130 shares.
More news for Manitowoc Company Inc (NYSE:MTW) were recently published by: Businesswire.com, which released: “The Manitowoc Company Reports Third-Quarter Financial Results Consistent with …” on November 01, 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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