Impact of Brokerage Rating on Manitowoc Company, Inc. (The)(MTW)

Many Manitowoc Company, Inc. (The)(MTW) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Manitowoc Company Inc was Downgraded by JP Morgan to Underweight on Dec 9, 2016.

Company has reported several Insider transactions to the SEC, on Feb 17, 2016, Lawrence Joseph Weyers (Senior Vice President) sold 1,472 shares at 15.20 per share price.On Feb 17, 2016, Thomas G Musial (SVP HR and Administration) sold 4,941 shares at 15.23 per share price.On Feb 17, 2016, Carl J Laurino (SVP and CFO) sold 5,803 shares at 15.18 per share price.

Manitowoc Company Inc Last issued its quarterly earnings results on Feb 1, 2017. The company reported $-0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.08. Analyst had a consensus of $-0.16. The company had revenue of $378.20 million for the quarter, compared to analysts expectations of $390.18 million. The companys revenue was down -30.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.

Manitowoc Company, Inc. (The) (NYSE:MTW) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.8 by 10 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Manitowoc Company, Inc. (The) (NYSE:MTW): The mean estimate for the short term price target for Manitowoc Company, Inc. (The) (NYSE:MTW) stands at $5.35 according to 10 Analysts. The higher price target estimate for the stock has been calculated at $7 while the lower price target estimate is at $4.

Tuesdays trading session turned out to be a no-profit no-loss event for Manitowoc Company, Inc. (The) (NYSE:MTW). The opening trade occurred at $6.3 and the highest and the lowest points of the day were $6.36 and $6.23 respectively. The final trade was registered at $6.34 and the volume by the end of the day had touched 1,329,575 shares. The 52-week high of the stock is $7.57 and the 52-week low is $3.089705. According to the current valuation, the market cap of the company is $880 million and the total number of shares available in public circulation is 138,772,090.

Manitowoc Company, Inc. is a diversified, capital goods manufacturer. They are principally engaged in: a) the design and manufacture of commercial ice machines, ice/beverage dispensers and refrigeration products for the foodservice, lodging, convenience store, healthcare and the soft-drink bottling and dispensing industries; (b) the design and manufacture of cranes and related products which are used by the energy, construction, mining and other industries; and (c) ship-repair, conversion, and new construction services for the maritime industry.

Manitowoc

For any feedback and suggestions contact author at Jim.Swaby@thefoundersdaily.com

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