The stock of Manitowoc Company Inc (NYSE:MTW) is a huge mover today! About 1.64 million shares traded hands. Manitowoc Company Inc (NYSE:MTW) has declined 2.42% since April 27, 2016 and is downtrending. It has underperformed by 7.65% the S&P500.
The move comes after 9 months positive chart setup for the $822.43 million company. It was reported on Nov, 30 by Barchart.com. We have $6.48 PT which if reached, will make NYSE:MTW worth $65.79M more.
Analysts await Manitowoc Company Inc (NYSE:MTW) to report earnings on January, 26. They expect $-0.15 earnings per share, down 134.88% or $0.58 from last year’s $0.43 per share. After $-0.28 actual earnings per share reported by Manitowoc Company Inc for the previous quarter, Wall Street now forecasts -46.43% EPS growth.
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. As per Thursday, October 15, the company rating was maintained by RBC Capital Markets. The stock of Manitowoc Company Inc (NYSE:MTW) earned “Buy” rating by Seaport Global on Friday, May 6. The rating was downgraded by BB&T Capital on Friday, July 31 to “Hold”. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, March 9. The firm earned “Hold” rating on Wednesday, October 12 by Deutsche Bank. The firm has “Neutral” rating given on Monday, October 5 by Citigroup. The rating was maintained by Barclays Capital on Tuesday, March 8 with “Equal-Weight”. Robert W. Baird downgraded the shares of MTW in a report on Thursday, October 15 to “Neutral” rating. As per Wednesday, August 10, the company rating was maintained by Citigroup. Barclays Capital initiated it with “Equal-Weight” rating and $16 target price in Friday, September 25 report.
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 0.83 in Q2 2016. Its down 0.15, from 0.98 in 2016Q1. The ratio turned negative, 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.
Winch Advisory Ltd Liability Com has 0.02% invested in the company for 1,212 shares. Empyrean Cap Ptnrs Limited Partnership accumulated 0% or 16,092 shares. Moreover, Teacher Retirement Of Texas has 0% invested in Manitowoc Company Inc (NYSE:MTW) for 18,276 shares. First Corp In holds 0% or 1,348 shares in its portfolio. Concert Wealth Management Incorporated owns 10,255 shares or 0.01% of their US portfolio. Petrus Lta holds 26,532 shares or 0.03% of its portfolio. Ccm Invest Advisers Ltd Liability last reported 0.03% of its portfolio in the stock. Legal General Gru Public Limited holds 81,320 shares or 0% of its portfolio. Horizon Kinetics Ltd Com holds 0.01% or 106,227 shares in its portfolio. The Illinois-based Fortaleza Asset Mgmt Inc has invested 0.09% in Manitowoc Company Inc (NYSE:MTW). The New York-based Springbok Mngmt Ltd Liability Corporation has invested 0.01% in Manitowoc Company Inc (NYSE:MTW). Checchi Advisers Ltd Liability has 0% invested in the company for 1,130 shares. Ironwood Invest Mngmt Limited Liability Com has 0.17% invested in the company for 42,090 shares. The Massachusetts-based Commonwealth Equity Services Inc has invested 0% in Manitowoc Company Inc (NYSE:MTW). Fifth Third Commercial Bank holds 0% or 1,049 shares in its portfolio.
Another recent and important Manitowoc Company Inc (NYSE:MTW) news was published by Nasdaq.com which published an article titled: “Earnings Reaction History: Manitowoc Company, Inc., 50.0% Follow-Through …” on November 01, 2016.
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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