The price of The Manitowoc Company Inc. (NYSE:MTW) shares last traded on Wall Street rose 1.65% to $9.84.
Based on available information, 10 analysts follow The Manitowoc Company Inc. (NYSE:MTW). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $18.00 and a low of $9.00, we find $10.00. Given the previous closing price of $9.68, this indicates a potential upside of 3.31 percent. MTW stock price is now 12.14% away from the 50-day moving average and -18.36% away from the 200-day moving average. The market capitalization of the company currently stands at $329.84M.
Among analysts, 7 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $11.06 as their price target over the next twelve months.
With the price target maintained at $16, Robert W. Baird recently Downgraded its rating from Outperform to Neutral for The Manitowoc Company Inc. (NYSE: MTW). On March 11, 2022, Wells Fargo recently initiated its ‘Underweight’ rating on the stock quoting a target price of $17, while ‘Barclays’ rates the stock as ‘Underweight’.
In other news, Pfeifer John Charles, Director bought 2,573 shares of the company’s stock on Nov 03. The stock was bought for $23,750 at an average price of $9.23. Upon completion of the transaction, the Director now directly owns 52,287 shares in the company, valued at $0.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 03, Director Cooney Anne M bought 2,776 shares of the business’s stock. A total of $25,625 was incurred on buying the stock at an average price of $9.23. This leaves the insider owning 52,900 shares of the company worth $0.52 million. Insiders disposed of 51,171 shares of company stock worth roughly $0.5 million over the past 1 year. A total of 1.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MTW stock. A new stake in The Manitowoc Company Inc. shares was purchased by BANK OF MONTREAL /CAN/ during the first quarter worth $4,211,000. MARSHALL WACE, LLP invested $3,396,000 in shares of MTW during the first quarter. In the first quarter, RAYMOND JAMES & ASSOCIATES acquired a new stake in The Manitowoc Company Inc. valued at approximately $1,006,000. FIRST TRUST ADVISORS LP acquired a new stake in MTW for approximately $914,000. TREXQUANT INVESTMENT LP purchased a new stake in MTW valued at around $621,000 in the second quarter.
A candlestick chart of The Manitowoc Company Inc. (NYSE: MTW) showed a price of $8.86 on Tuesday morning. During the past 12 months, The Manitowoc Company Inc. has had a low of $7.53 and a high of $22.00. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 1.80, and a quick ratio of 0.60.
The net profit margin was 0.90% and return on equity was 2.60% for MTW. The company reported revenue of $454.7 million for the quarter, compared to $404.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.41 percent.
Moreover, the firm recently paid out its quarterly dividend on 12/10/2015. Investors who held shares on 11/27/2015 were paid a $0.08 dividend.