Media stories about Manitowoc (NYSE:MTW) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Manitowoc earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.8849059002105 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
Shares of Manitowoc (MTW) traded down $0.85 during midday trading on Friday, reaching $39.36. 507,153 shares of the company were exchanged, compared to its average volume of 456,863. The stock has a market cap of $1,380.00, a price-to-earnings ratio of -28.73 and a beta of 1.56. 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 has a 52 week low of $21.00 and a 52 week high of $42.12.
Manitowoc (NYSE:MTW) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.44. The business had revenue of $399.40 million during the quarter, compared to analyst estimates of $385.01 million. Manitowoc had a negative net margin of 4.01% and a negative return on equity of 6.17%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.12) EPS. equities research analysts predict that Manitowoc will post -0.18 earnings per share for the current year.
MTW has been the topic of a number of research analyst reports. Jefferies Group restated a “buy” rating and set a $42.00 price target on shares of Manitowoc in a report on Friday, October 6th. SunTrust Banks restated a “hold” rating and set a $28.00 price target on shares of Manitowoc in a report on Friday, October 27th. Zacks Investment Research cut Manitowoc from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Royal Bank of Canada raised Manitowoc from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $30.00 to $48.00 in a research report on Wednesday, November 1st. Finally, Citigroup lifted their price objective on Manitowoc from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Manitowoc has a consensus rating of “Buy” and an average price target of $39.64.
In related news, Director Charles David Myers acquired 3,854 shares of Manitowoc stock in a transaction dated Wednesday, November 29th. The stock was purchased at an average cost of $39.12 per share, for a total transaction of $150,768.48. The purchase was disclosed in a filing with the SEC, which is available through this link. 2.82% of the stock is currently owned by insiders.
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Manitowoc Company Profile
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.
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