Barclays Increases Manitowoc (NYSE:MTW) Price Target to $13.00

Manitowoc (NYSE:MTW) had its price target increased by equities research analysts at Barclays from $10.00 to $13.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the industrial products company’s stock. Barclays‘s target price indicates a potential downside of 5.56% from the company’s previous close.

Other analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Manitowoc from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Manitowoc in a research report on Monday, December 22nd. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $10.00 target price (up from $9.00) on shares of Manitowoc in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $11.00.

Manitowoc Stock Down 7.6%

Manitowoc stock opened at $13.77 on Wednesday. Manitowoc has a 12 month low of $7.06 and a 12 month high of $15.56. The stock has a fifty day simple moving average of $13.24 and a two-hundred day simple moving average of $11.56. The company has a current ratio of 2.14, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70. The firm has a market cap of $488.28 million, a price-to-earnings ratio of 72.46 and a beta of 1.88.

Manitowoc (NYSE:MTW) last announced its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.26 earnings per share (EPS) 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 1.73%. The business had revenue of $677.10 million for the quarter, compared to the consensus estimate of $637.00 million. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. Equities analysts predict that Manitowoc will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Manitowoc

A number of hedge funds have recently modified their holdings of the business. Garner Asset Management Corp purchased a new stake in shares of Manitowoc in the 4th quarter worth $36,000. Quantbot Technologies LP bought a new stake in Manitowoc during the third quarter valued at about $47,000. Tower Research Capital LLC TRC increased its position in Manitowoc by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock worth $55,000 after buying an additional 2,575 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Manitowoc in the second quarter worth about $84,000. Finally, CWM LLC raised its stake in shares of Manitowoc by 669.9% in the second quarter. CWM LLC now owns 7,329 shares of the industrial products company’s stock worth $88,000 after buying an additional 6,377 shares during the period. Institutional investors own 78.66% of the company’s stock.

Manitowoc Company Profile

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.