Media stories about Manitowoc (NYSE:MTW) have been trending somewhat positive on Sunday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Manitowoc earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 45.4061991550109 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- ETFs with exposure to The Manitowoc Co., Inc. : December 15, 2017 (finance.yahoo.com)
- Shooting From The Hip: Quant Update on The Manitowoc Company, Inc. (NYSE:MTW) as Price Index Touches 1.65234 – Clawson News (clawsonnews.com)
- Manitowoc (MTW) Now Covered by Barclays (americanbankingnews.com)
- Manitowoc Company, Inc. (The) (MTW) Expected to Announce Quarterly Sales of $422.25 Million (americanbankingnews.com)
A number of equities analysts have weighed in on the company. Barclays assumed coverage on Manitowoc in a report on Tuesday, December 12th. They issued an “overweight” rating and a $45.00 price target for the company. Jefferies Group restated a “buy” rating and issued a $38.00 price target on shares of Manitowoc in a report on Thursday, September 21st. Stifel Nicolaus upped their price target on Manitowoc from $36.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Deutsche Bank reiterated a “hold” rating and set a $32.28 target price (up from $31.40) on shares of Manitowoc in a research note on Monday, October 9th. Finally, Robert W. Baird reiterated a “buy” rating and set a $47.00 target price on shares of Manitowoc in a research note on Friday, November 24th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Manitowoc has an average rating of “Buy” and an average price target of $37.89.
Manitowoc (NYSE:MTW) opened at $39.30 on Friday. The company has a current ratio of 1.76, a quick ratio of 0.67 and a debt-to-equity ratio of 0.44. Manitowoc has a one year low of $21.00 and a one year high of $42.12.
Manitowoc (NYSE:MTW) last released its earnings results on Monday, November 6th. The industrial products company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.44. Manitowoc had a negative return on equity of 6.17% and a negative net margin of 4.01%. The company had revenue of $399.40 million during the quarter, compared to analysts’ expectations of $385.01 million. During the same period in the prior year, the business posted ($1.12) EPS. The business’s revenue was up 14.2% on a year-over-year basis. equities research analysts predict that Manitowoc will post -0.19 earnings per share for the current fiscal year.
In other news, Director Charles David Myers acquired 3,854 shares of Manitowoc stock in a transaction that occurred on Wednesday, November 29th. The shares were purchased at an average cost of $39.12 per share, for a total transaction of $150,768.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.82% of the company’s stock.
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Manitowoc Company Profile
The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.
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