Media headlines about Manitowoc (NYSE:MTW) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Manitowoc earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 45.9145214947991 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
MTW traded down $0.29 on Tuesday, hitting $25.54. 23,675 shares of the company’s stock traded hands, compared to its average volume of 535,341. The company has a market capitalization of $903.96 million, a PE ratio of -98.42 and a beta of 1.54. Manitowoc has a one year low of $22.12 and a one year high of $44.03. The company has a current ratio of 1.69, a quick ratio of 0.72 and a debt-to-equity ratio of 0.39.
Manitowoc (NYSE:MTW) last issued its earnings results on Monday, May 7th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.09. The company had revenue of $386.10 million for the quarter, compared to the consensus estimate of $374.59 million. Manitowoc had a return on equity of 1.64% and a net margin of 2.13%. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.68) EPS. equities research analysts predict that Manitowoc will post 0.52 earnings per share for the current year.
A number of equities analysts have issued reports on MTW shares. ValuEngine downgraded Manitowoc from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Robert W. Baird downgraded Manitowoc from an “outperform” rating to a “neutral” rating and raised their price target for the company from $27.95 to $33.00 in a report on Friday, March 2nd. Zacks Investment Research upgraded Manitowoc from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. Deutsche Bank reduced their price target on Manitowoc from $36.00 to $32.00 and set a “hold” rating for the company in a report on Monday, March 19th. Finally, JPMorgan Chase & Co. reduced their price target on Manitowoc from $29.00 to $27.00 and set a “sell” rating for the company in a report on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Manitowoc has an average rating of “Hold” and a consensus target price of $35.31.
In other Manitowoc news, CEO Barry Pennypacker bought 19,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The shares were bought at an average price of $25.19 per share, with a total value of $493,724.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by company insiders.
The Manitowoc Company, Inc provides engineered lifting equipment for the construction industry 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 telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks the National Crane brand.
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