Analysts Set The Manitowoc Company, Inc. (NYSE:MTW) Target Price at $11.00

Shares of The Manitowoc Company, Inc. (NYSE:MTW) have earned an average rating of “Strong Sell” from the five analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $11.00.

MTW has been the subject of a number of analyst reports. Weiss Ratings lowered Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Wall Street Zen cut shares of Manitowoc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Barclays upped their price objective on shares of Manitowoc from $10.00 to $13.00 and gave the stock an “underweight” rating in a report on Wednesday, February 11th. Finally, Wells Fargo & Company reiterated an “underweight” rating and issued a $10.00 target price (up from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd.

Manitowoc Price Performance

NYSE MTW opened at $11.21 on Wednesday. The company has a 50-day moving average price of $13.72 and a two-hundred day moving average price of $12.07. Manitowoc has a 52 week low of $7.06 and a 52 week high of $15.56. The stock has a market cap of $397.62 million, a price-to-earnings ratio of 59.00 and a beta of 1.83. The company has a current ratio of 2.23, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64.

Manitowoc (NYSE:MTW) last released its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Manitowoc had a net margin of 0.32% and a return on equity of 1.71%. The business had revenue of $677.10 million for the quarter, compared to the consensus estimate of $637.00 million. During the same period last year, the firm posted $0.10 EPS. The business’s quarterly revenue was up 13.6% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. Analysts forecast that Manitowoc will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MTW. Garner Asset Management Corp bought a new stake in Manitowoc during the fourth quarter worth approximately $36,000. Quantbot Technologies LP bought a new position in Manitowoc during the 3rd quarter valued at $47,000. Tower Research Capital LLC TRC increased its position in shares of Manitowoc by 131.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 2,575 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Manitowoc during the 2nd quarter valued at $84,000. Finally, Caxton Associates LLP bought a new stake in shares of Manitowoc in the 1st quarter worth $112,000. 78.66% of the stock is currently owned by institutional investors.

About Manitowoc

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company’s product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.