Shares of Manitex International, Inc. (NASDAQ:MNTX) have been assigned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Manitex International’s rating score has declined by 100% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus price target of $10.50 for the company and are expecting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given Manitex International an industry rank of 81 out of 265 based on the ratings given to related companies.
A number of equities research analysts have issued reports on the company. Roth Capital lowered Manitex International from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Tuesday, November 7th. Zacks Investment Research lowered Manitex International from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, ValuEngine raised Manitex International from a “sell” rating to a “hold” rating in a research report on Monday, August 7th.
Manitex International (MNTX) remained flat at $$8.05 during mid-day trading on Friday. 19,600 shares of the stock were exchanged, compared to its average volume of 83,931. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 1.38. The company has a market cap of $133.28, a price-to-earnings ratio of 50.31 and a beta of 2.07. Manitex International has a 12 month low of $5.12 and a 12 month high of $9.89.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC increased its holdings in shares of Manitex International by 11.1% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 551,254 shares of the industrial products company’s stock valued at $3,848,000 after acquiring an additional 55,120 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Manitex International in the 2nd quarter valued at about $105,000. Morgan Stanley increased its holdings in shares of Manitex International by 2.6% in the 1st quarter. Morgan Stanley now owns 398,816 shares of the industrial products company’s stock valued at $2,673,000 after acquiring an additional 9,980 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings in shares of Manitex International by 37.2% in the 2nd quarter. Essex Investment Management Co. LLC now owns 237,669 shares of the industrial products company’s stock valued at $1,659,000 after acquiring an additional 64,445 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Manitex International by 16.3% in the 2nd quarter. Victory Capital Management Inc. now owns 122,120 shares of the industrial products company’s stock valued at $852,000 after acquiring an additional 17,080 shares during the last quarter. Institutional investors and hedge funds own 60.71% of the company’s stock.
Manitex International Company Profile
Manitex International, Inc is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.
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