Today Macquarie Maintains a “Neutral” Rating on Manitowoc Co (NYSE:MTW) and a $27 Target Price

August 9, 2018 - By Mark Babin

The Manitowoc Company, Inc. (NYSE:MTW) Logo

Investors sentiment increased to 0.67 in 2018 Q1. Its up 0.66, from 0.01 in 2017Q4. It improved, as 3 investors sold The Manitowoc Company, Inc. shares while 0 reduced holdings. 1 funds opened positions while 1 raised stakes. 10,522 shares or 57.93% less from 25,008 shares in 2017Q4 were reported.

Sva Plumb Wealth Mgmt Limited Liability Company owns 0.01% invested in The Manitowoc Company, Inc. (NYSE:MTW) for 10,190 shares. Winch Advisory Service Ltd Liability Corporation has 332 shares for 0.01% of their portfolio.

Since February 13, 2018, it had 2 insider purchases, and 3 selling transactions for $417,523 activity. Antoniuk David J bought $212,293 worth of stock or 7,000 shares. PENNYPACKER BARRY had bought 19,600 shares worth $493,722 on Thursday, June 14.

Manitowoc Co (NYSE:MTW) Rating Reaffirmed

Research professionals at Macquarie now has a $27 TP on Manitowoc Co (NYSE:MTW). Macquarie and their recent TP would suggest a potential upside of 14.75 % from the company’s last price. The rating has been revealed to investors in analysts report on Wednesday morning.

The Manitowoc Company, Inc. (NYSE:MTW) Ratings Coverage

Among 12 analysts covering Manitowoc Co (NYSE:MTW), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. Manitowoc Co has $4400 highest and $2500 lowest target. $28.83’s average target is 22.52% above currents $23.53 stock price. Manitowoc Co had 18 analyst reports since February 12, 2018 according to SRatingsIntel. J.P. Morgan upgraded The Manitowoc Company, Inc. (NYSE:MTW) rating on Thursday, June 21. J.P. Morgan has “Hold” rating and $2500 target. SunTrust upgraded The Manitowoc Company, Inc. (NYSE:MTW) on Wednesday, June 6 to “Buy” rating. On Wednesday, August 8 the stock rating was maintained by Macquarie Research with “Neutral”. As per Friday, March 2, the company rating was downgraded by Robert W. Baird. The stock of The Manitowoc Company, Inc. (NYSE:MTW) earned “Buy” rating by Stifel Nicolaus on Monday, February 12. The stock of The Manitowoc Company, Inc. (NYSE:MTW) has “Underweight” rating given on Monday, February 12 by JP Morgan. As per Monday, February 12, the company rating was maintained by Deutsche Bank. The rating was maintained by Seaport Global with “Buy” on Wednesday, April 18. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, May 9. The firm has “Neutral” rating by Citigroup given on Wednesday, August 8.

The stock decreased 3.41% or $0.83 during the last trading session, reaching $23.53. About 644,585 shares traded or 25.96% up from the average. The Manitowoc Company, Inc. (NYSE:MTW) has risen 13.26% since August 9, 2017 and is uptrending. It has outperformed by 0.69% the S&P500.

The Manitowoc Company, Inc. provides engineered lifting equipment for the construction industry worldwide. The company has market cap of $836.17 million. The firm creates and makes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks the National Crane brand. It has a 18.98 P/E ratio. It also provides crane product parts and services; and crane rebuilding, remanufacturing, and training services under the Manitowoc Crane Care brand.

More recent The Manitowoc Company, Inc. (NYSE:MTW) news were published by: Streetinsider.com which released: “Manitowoc (MTW) option implied volatility elevated into EPS and outlook” on August 02, 2018. Also Benzinga.com published the news titled: “Earnings Scheduled For August 6, 2018” on August 06, 2018. Seekingalpha.com‘s news article titled: “The Manitowoc (MTW) Q2 2018 Results – Earnings Call Transcript” with publication date: August 07, 2018 was also an interesting one.

The Manitowoc Company, Inc. (NYSE:MTW) Ratings Chart

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