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Shares of The Manitowoc Company, Inc. (NYSE:MTW - Get Rating) have received a consensus rating of "Hold" from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $13.71.

MTW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Manitowoc from $14.50 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 12th. Credit Suisse Group set a $12.00 price objective on Manitowoc in a research note on Tuesday, July 19th. Robert W. Baird dropped their price target on Manitowoc from $16.00 to $15.00 in a research note on Wednesday, May 4th. The Goldman Sachs Group dropped their price target on Manitowoc from $20.00 to $17.50 and set a "neutral" rating on the stock in a research note on Thursday, April 14th. Finally, UBS Group dropped their price target on Manitowoc from $19.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, July 21st.Insider Buying and Selling

In related news, Director Kenneth W. Krueger purchased 34,500 shares of the firm's stock in a transaction that occurred on Friday, June 10th. The stock was acquired at an average price of $12.49 per share, for a total transaction of $430,905.00. Following the completion of the acquisition, the director now owns 123,472 shares of the company's stock, valued at approximately $1,542,165.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.52% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Keybank National Association OH lifted its position in shares of Manitowoc by 33.1% during the 4th quarter. Keybank National Association OH now owns 19,300 shares of the industrial products company's stock valued at $359,000 after buying an additional 4,800 shares during the last quarter. Strs Ohio lifted its position in shares of Manitowoc by 12.8% during the 4th quarter. Strs Ohio now owns 44,100 shares of the industrial products company's stock valued at $819,000 after buying an additional 5,000 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Manitowoc by 4.5% during the 1st quarter. SummerHaven Investment Management LLC now owns 39,835 shares of the industrial products company's stock valued at $601,000 after buying an additional 1,731 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Manitowoc by 42.0% during the 4th quarter. Fisher Asset Management LLC now owns 99,242 shares of the industrial products company's stock valued at $1,845,000 after buying an additional 29,372 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Manitowoc during the 4th quarter valued at $1,138,000. Institutional investors own 76.36% of the company's stock. Manitowoc Stock Performance

Manitowoc stock opened at $11.43 on Friday. The business's 50-day moving average price is $11.39 and its two-hundred day moving average price is $14.06. Manitowoc has a 12-month low of $9.83 and a 12-month high of $27.37. The stock has a market cap of $403.70 million, a PE ratio of 23.81 and a beta of 2.11. The company has a quick ratio of 0.61, a current ratio of 1.74 and a debt-to-equity ratio of 0.57.

Manitowoc (NYSE:MTW - Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The industrial products company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Manitowoc had a net margin of 0.94% and a return on equity of 5.14%. The firm had revenue of $459.00 million for the quarter, compared to analyst estimates of $440.08 million. During the same period in the previous year, the business posted ($0.06) earnings per share. The business's revenue for the quarter was up 29.6% compared to the same quarter last year. As a group, analysts expect that Manitowoc will post 0.84 earnings per share for the current fiscal year. Manitowoc Company Profile (Get Rating)

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.Featured ArticlesGet a free copy of the StockNews.com research report on Manitowoc (MTW)Procter's Earnings Start To Show Weakness In Q4MarketBeat: Week in Review 7/25 – 7/29The One Question You Have to Ask Before Investing in INTC Stock Home Depot: A Beautiful Boring Stock to Navigate a Bear Market Could CRISPR Therapeutics be a Moonshot Hiding in Plain Sight?

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