Price Don’t Lie: How Analysts Feel About Manitowoc Company Inc After Making 52-Week High?

Price Don't Lie: How Analysts Feel About Manitowoc Company Inc After Making 52 Week High?

The stock of Manitowoc Company Inc (NYSE:MTW) hit a new 52-week high and has $6.26 target or 4.00% above today’s $6.02 share price. The 8 months bullish chart indicates low risk for the $882.81M company. The 1-year high was reported on Dec, 1 by If the $6.26 price target is reached, the company will be worth $35.31M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.75M shares traded hands or 21.68% up from the average. Manitowoc Company Inc (NYSE:MTW) has risen 4.20% since April 28, 2016 and is uptrending. It has underperformed by 1.73% the S&P500.

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. The firm earned “Neutral” rating on Thursday, March 31 by Citigroup. The company was maintained on Friday, August 12 by UBS. On Wednesday, September 7 the stock rating was initiated by Deutsche Bank with “Hold”. Seaport Global Securities downgraded it to “Neutral” rating and $5 target price in Thursday, October 20 report. RBC Capital Markets maintained the shares of MTW in a report on Thursday, October 15 with “Sector Perform” rating. The rating was maintained by RBC Capital Markets on Monday, November 2 with “Sector Perform”. As per Friday, July 31, the company rating was downgraded by BB&T Capital. Deutsche Bank maintained the shares of MTW in a report on Friday, July 31 with “Hold” rating. Goldman Sachs maintained Manitowoc Company Inc (NYSE:MTW) on Wednesday, March 9 with “Neutral” rating. The firm has “Neutral” rating by SunTrust given on Tuesday, November 3.

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.
Firefly Value Prtn L P has 7.11M shares for 5.97% of their US portfolio. Sei Investments, a Pennsylvania-based fund reported 31,471 shares. Springbok Capital Mngmt Lc accumulated 0.01% or 7,500 shares. Teacher Retirement Sys Of Texas reported 18,276 shares or 0% of all its holdings. Princeton Alpha Management L P owns 70,878 shares or 0.07% of their US portfolio. Ksa Cap Limited Liability Corp last reported 0.07% of its portfolio in the stock. D E Shaw And Inc has 34,538 shares for 0% of their US portfolio. Strs Ohio holds 136,000 shares or 0% of its portfolio. Moreover, Capstone Inv Ltd Co has 0% invested in Manitowoc Company Inc (NYSE:MTW) for 14,400 shares. The New York-based Teachers Advisors has invested 0% in Manitowoc Company Inc (NYSE:MTW). Amalgamated Fincl Bank has 0% invested in the company for 13,883 shares. First Mercantile Company holds 0.01% or 9,600 shares in its portfolio. The New Jersey-based Private Advisor Lc has invested 0.01% in Manitowoc Company Inc (NYSE:MTW). Raymond James & has 15,074 shares for 0% of their US portfolio. Nationwide Fund, a Pennsylvania-based fund reported 96,602 shares.

Another recent and important Manitowoc Company Inc (NYSE:MTW) news was published by which published an article titled: “Manitowoc Company, Inc. (The) (NYSE:MTW) PEG Ratio At 0.32” on December 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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