Shares of Manitex International Inc (NASDAQ:MNTX) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price objective of $15.00 for the company and are forecasting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also given Manitex International an industry rank of 101 out of 255 based on the ratings given to related companies.
A number of equities research analysts have commented on MNTX shares. Zacks Investment Research cut Manitex International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. ValuEngine cut Manitex International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 8th. Finally, TheStreet upgraded Manitex International from a “d” rating to a “c” rating in a research note on Wednesday, August 15th.
Shares of MNTX stock opened at $8.86 on Friday. Manitex International has a 1-year low of $7.28 and a 1-year high of $13.26. The stock has a market cap of $173.72 million, a P/E ratio of 44.30 and a beta of 1.33. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 1.79.
Manitex International (NASDAQ:MNTX) last issued its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Manitex International had a positive return on equity of 7.09% and a negative net margin of 1.28%. The company had revenue of $60.94 million for the quarter, compared to the consensus estimate of $63.10 million. On average, equities analysts anticipate that Manitex International will post 0.41 earnings per share for the current fiscal year.
In other Manitex International news, Director Robert S. Gigliotti sold 4,400 shares of the stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $11.71, for a total value of $51,524.00. Following the completion of the sale, the director now directly owns 83,750 shares in the company, valued at $980,712.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.78% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp grew its holdings in Manitex International by 18.9% in the first quarter. Northern Trust Corp now owns 41,789 shares of the industrial products company’s stock valued at $477,000 after purchasing an additional 6,634 shares during the period. Essex Investment Management Co. LLC boosted its stake in shares of Manitex International by 4.2% in the third quarter. Essex Investment Management Co. LLC now owns 224,821 shares of the industrial products company’s stock worth $2,367,000 after acquiring an additional 9,079 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Manitex International in the second quarter worth approximately $116,000. Macquarie Group Ltd. acquired a new stake in shares of Manitex International in the second quarter worth approximately $122,000. Finally, Rhumbline Advisers acquired a new stake in shares of Manitex International in the second quarter worth approximately $152,000. Institutional investors own 56.41% of the company’s stock.
About Manitex International
Manitex International, Inc provides engineered lifting solutions. The company designs, manufactures, and distributes products that are used in various industries. It offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development, including roads, bridges, and commercial construction.
Further Reading: What are the economic characteristics of a bear market?
Get a free copy of the Zacks research report on Manitex International (MNTX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Manitex International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitex International and related companies with MarketBeat.com's FREE daily email newsletter.