Manitowoc (NYSE:MTW – Get Free Report) will likely be announcing its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Manitowoc Stock Performance
Shares of MTW stock opened at $9.79 on Wednesday. The business’s 50-day moving average price is $9.47 and its 200-day moving average price is $9.91. Manitowoc has a 12 month low of $8.30 and a 12 month high of $17.65. The company has a current ratio of 1.97, a quick ratio of 0.60 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $343.82 million, a price-to-earnings ratio of -36.25 and a beta of 1.83.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Robert W. Baird reduced their target price on shares of Manitowoc from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. StockNews.com upgraded Manitowoc from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on Manitowoc from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $12.47.
About Manitowoc
The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. 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.
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