Manitowoc Company, Inc. (The) (MTW) Earns Buy Rating from Jefferies Group LLC

Jefferies Group LLC restated their buy rating on shares of Manitowoc Company, Inc. (The) (NYSE:MTW) in a research note published on Friday. Jefferies Group also issued estimates for Manitowoc Company, Inc. (The)’s Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at ($0.05) EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.08 EPS, FY2018 earnings at $0.25 EPS and FY2019 earnings at ($0.55) EPS.

MTW has been the topic of a number of other research reports. Robert W. Baird upgraded shares of Manitowoc Company, Inc. (The) from a neutral rating to an outperform rating and upped their price target for the company from $6.00 to $10.00 in a research note on Wednesday, August 2nd. Credit Suisse Group upped their price target on shares of Manitowoc Company, Inc. (The) from $6.10 to $8.00 and gave the company a neutral rating in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Manitowoc Company, Inc. (The) from a sell rating to a hold rating in a research note on Saturday, August 5th. Deutsche Bank AG reiterated a hold rating and issued a $8.07 price target (up previously from $7.85) on shares of Manitowoc Company, Inc. (The) in a research note on Monday, October 9th. Finally, TheStreet upgraded shares of Manitowoc Company, Inc. (The) from a d rating to a c- rating in a research note on Monday, August 7th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $8.97.

Manitowoc Company, Inc. (NYSE:MTW) opened at $9.94 on Friday. Manitowoc Company, Inc. has a 52 week low of $4.82 and a 52 week high of $10.53. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.67 and a current ratio of 1.76.

Manitowoc Company, Inc. (The) (NYSE:MTW) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.11. The company had revenue of $399.40 million for the quarter, compared to analyst estimates of $385.01 million. Manitowoc Company, Inc. (The) had a negative net margin of 4.01% and a negative return on equity of 6.17%. Manitowoc Company, Inc. (The)’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.28) EPS. research analysts expect that Manitowoc Company, Inc. will post -0.04 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This news story was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://ledgergazette.com/2017/11/13/manitowoc-company-inc-the-mtw-earns-buy-rating-from-jefferies-group-llc-2.html.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cipher Capital LP bought a new stake in Manitowoc Company, Inc. (The) in the 3rd quarter valued at about $109,000. Annex Advisory Services LLC boosted its holdings in Manitowoc Company, Inc. (The) by 22.3% in the 2nd quarter. Annex Advisory Services LLC now owns 17,328 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 3,158 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Manitowoc Company, Inc. (The) by 646.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 18,552 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 16,065 shares during the period. JPMorgan Chase & Co. boosted its holdings in Manitowoc Company, Inc. (The) by 704.5% in the 1st quarter. JPMorgan Chase & Co. now owns 22,903 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 20,056 shares during the period. Finally, Leavell Investment Management Inc. boosted its holdings in Manitowoc Company, Inc. (The) by 9.4% in the 2nd quarter. Leavell Investment Management Inc. now owns 23,405 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 2,019 shares during the period. 80.68% of the stock is owned by hedge funds and other institutional investors.

About Manitowoc Company, Inc. (The)

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.

Analyst Recommendations for Manitowoc Company, Inc. (The) (NYSE:MTW)

Receive News & Ratings for Manitowoc Company Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitowoc Company Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply