Manitowoc Company, Inc. (The) (MTW) Receives Consensus Rating of "Hold" from Analysts

Cornelia Mascio
Settembre 25, 2017

Following the completion of the transaction, the senior vice president now owns 228,048 shares of the company's stock, valued at approximately $1,527,921.60. The SI to Manitowoc Company Incorporated's float is 9.44%. After the latest session, which saw the stock close at a price of $8.22, MTW sits -2.49% below its 52-week high. At the time of writing, shares were trading -1.62% away from the 20-days simple moving average and 2.80% away from the 200-days simple moving average.

This company has been competing with others in the Industrial Goods space and offers its own combination of interesting factors The Manitowoc Company, Inc. It has underperformed by 15.98% the S&P500.

MTW is now overvalued by 7.59% relative to the average 1-year price target of $7.64 taken from a group of Wall Street Analysts. The stock increased 0.17% or $0.03 on September 22, reaching $17.61.

What do the trading volumes reveal? Manitowoc Company Inc (NYSE:MTW) has risen 0.72% since September 23, 2016 and is uptrending. It has outperformed by 30.64% the S&P500. The 8 months bullish chart indicates low risk for the $1.20 billion company. The Company's services and products include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. On average, equities research analysts expect that Manitowoc Company, Inc. will post ($0.14) earnings per share for the current fiscal year. (The) (NYSE:MTW) have received a consensus recommendation of "Hold" from the fifteen analysts that are now covering the firm, Marketbeat Ratings reports. Therefore 24% are positive. The stock carved out a 52-week low down at $3.65. $8.16's average target is -4.78% below currents $8.57 stock price. Manitowoc Company had 50 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Manitowoc Company Inc (NYSE:MTW) earned "Neutral" rating by Citigroup on Wednesday, August 10. (The) from a "hold" rating to a "sell" rating in a research report on Wednesday, July 19th. The firm has "Buy" rating given on Friday, August 4 by Investec. UBS maintained Manitowoc Company Inc (NYSE:MTW) on Friday, August 12 with "Neutral" rating. The firm has "Mkt Perform" rating given on Wednesday, October 14 by JMP Securities. The firm earned "Hold" rating on Friday, April 7 by Deutsche Bank. When investing in a volatile security, the risk of success is increased just as much as the risk of failure. Its up 0.21, from 1.08 in 2017Q1. Nationwide Fund Advisors lifted its holdings in Manitowoc Company, Inc. 24 funds opened positions while 46 raised stakes. 345.02 million shares or 4.03% more from 331.66 million shares in 2017Q1 were reported. Institutional investors own 80.98% of the company's stock. The hedge fund run by Mark Wolfson held 15,163 shares of the prepackaged software company at the end of 2017Q2, valued at $2.01 million, down from 38,781 at the end of the previous reported quarter. Engineers Gate Manager L P holds 168,334 shares or 0.09% of its portfolio. Millennium Management Limited Com owns 67,282 shares for 0.01% of their portfolio. Janney Montgomery Scott Ltd Com owns 10,323 shares or 0% of their United States portfolio. Parkside Commercial Bank And Trust stated it has 14 shares or 0% of all its holdings. Banque Pictet And Cie holds 50,947 shares. Shelton reported 0.04% in Itron, Inc. (NASDAQ:ITRI). Hancock Hldgs stated it has 0.05% of its portfolio in Itron, Inc. Moreover, Lsv Asset Mngmt has 0.02% invested in Peoples Bancorp Inc.

Investors sentiment increased to 1.28 in Q2 2017. The ratio is more positive, as 70 investment professionals started new and increased positions, while 69 cut down and sold stakes in Manitowoc Co Inc. It is positive, as 20 investors sold MTW shares while 49 reduced holdings. The investment professionals in our partner's database now possess: 109.24 million shares, up from 105.84 million shares in 2017Q1. Johnson Fincl accumulated 130 shares. Royal Bank Of Canada reiterated a "hold" rating and issued a $6.50 price target on shares of Manitowoc Company, Inc.

Manitowoc Co Inc (NYSE:MTW) institutional sentiment increased to 1.01 in Q2 2017. Metropolitan Life Insurance, a New York-based fund reported 90,896 shares. RBC Capital Markets maintained Manitowoc Company Inc (NYSE:MTW) on Thursday, October 15 with "Sector Perform" rating. Goldman Sachs Group reported 9,344 shares.

Receive News & Ratings for Manitowoc Company Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitowoc Company Inc and related companies with MarketBeat.com's FREE daily email newsletter. The MTW (NYSE:MTW) traded 2.63% higher on the day. Pnc Svcs Gru Inc owns 23,350 shares for 0% of their portfolio. Quantbot Techs Limited Partnership invested 0.06% of its portfolio in Manitowoc Company Inc (NYSE:MTW). Southpoint Capital Advisors LP raised its position in shares of Manitowoc Company by 125.0% in the fourth quarter. Shell Asset Mgmt invested in 0.03% or 191,245 shares. Jasper Ridge Partners Lp sold 23,618 shares as the company's stock rose 4.61% with the market. A total of 3.29 Million shares exchanged hands, whereas the company's average trading volume stands at 2.26 Million shares. Wells Fargo Mn accumulated 0% or 151,840 shares.

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