Brokerages Set The Manitowoc Company, Inc. (NYSE:MTW) PT at $11.76

Shares of The Manitowoc Company, Inc. (NYSE:MTW - Get Free Report) have been assigned an average rating of "Reduce" from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $10.66.

Separately, UBS Group reduced their price objective on shares of Manitowoc from $13.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, April 7th.

Institutional Trading of Manitowoc

Several institutional investors have recently modified their holdings of the stock. LPL Financial LLC lifted its position in Manitowoc by 10.0% in the fourth quarter. LPL Financial LLC now owns 11,374 shares of the industrial products company's stock valued at $104,000 after acquiring an additional 1,030 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Manitowoc by 0.5% in the 4th quarter. Northern Trust Corp now owns 304,363 shares of the industrial products company's stock valued at $2,779,000 after purchasing an additional 1,552 shares during the last quarter. Quantbot Technologies LP boosted its position in shares of Manitowoc by 20.9% in the 4th quarter. Quantbot Technologies LP now owns 10,257 shares of the industrial products company's stock valued at $94,000 after purchasing an additional 1,771 shares during the period. SG Americas Securities LLC grew its stake in Manitowoc by 14.5% during the 4th quarter. SG Americas Securities LLC now owns 15,359 shares of the industrial products company's stock worth $140,000 after buying an additional 1,944 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Manitowoc by 0.3% during the third quarter. Geode Capital Management LLC now owns 794,335 shares of the industrial products company's stock worth $7,643,000 after buying an additional 2,224 shares during the period. Hedge funds and other institutional investors own 78.66% of the company's stock.

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Manitowoc Stock Up 0.6 %

MTW traded up $0.04 on Monday, hitting $7.64. 202,983 shares of the company were exchanged, compared to its average volume of 283,425. The firm has a 50-day moving average price of $9.55 and a two-hundred day moving average price of $9.65. The company has a current ratio of 1.97, a quick ratio of 0.60 and a debt-to-equity ratio of 0.70. Manitowoc has a twelve month low of $7.06 and a twelve month high of $13.87. The company has a market cap of $268.56 million, a price-to-earnings ratio of 4.93 and a beta of 1.79.

Manitowoc (NYSE:MTW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). Manitowoc had a return on equity of 2.46% and a net margin of 2.56%. On average, equities analysts predict that Manitowoc will post 0.5 earnings per share for the current year.

Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.