Short Term Rating on Manitowoc Company (The) (MTW)

Manitowoc Company (The) (MTW) : The consensus on Manitowoc Company (The) (MTW) based on 9 analyst recommendation on the company stock is 2.33, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Manitowoc Company (The) (MTW) : Average target price received by Manitowoc Company (The) (MTW) is $6.07 with an expected standard deviation of $0.93. The most aggressive target on the stock is $7, whereas the most downbeat target is $5. 7 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week


Manitowoc Company (The) (NYSE:MTW): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.45 and $5.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.64, notching a gain of 4.25% for the day. The total traded volume was 2,174,937 . The stock had closed at $5.41 on the previous day.

The Manitowoc Company, Inc. (MTW) is a multi-industry capital goods manufacturer. The Company operates in two markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). Crane is a provider of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks. Foodservice is a manufacturer of commercial foodservice equipment serving the ice, beverage, refrigeration, food-preparation, holding and cooking needs of restaurants, convenience stores, hotels, healthcare and institutional applications. Its Crane products are marketed under the Manitowoc, Grove, Potain, National Crane, Shuttlelift and Manitowoc Crane Care brand names. Its Foodservice products, services and solutions are marketed under Cleveland, Convotherm, Dean, Delfield, Fabristeel, Frymaster, Garland, Inducs, Koolaire, Kolpak, Kysor Panel Systems and U.S. Range, Lincoln, Manitowoc Ice and Merrychef, among others.

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