Manitowoc Company (The) (MTW) Receives Price Target

Manitowoc Company (The) (MTW) : The consensus price target for Manitowoc Company (The) (MTW) is $5.5 for the short term with a standard deviation of $1.04. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $7, however, the pessimist price target for the company is $5.

Manitowoc Company (The) (MTW) : The consensus on Manitowoc Company (The) (MTW) based on 8 analyst recommendation on the company stock is 2.25, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, UBS maintains their rating on the shares of Manitowoc Company (The) (NYSE:MTW). The current rating of the shares is Neutral. Equity Analysts at the Firm lowers the price target to $4.5 per share from $6 per share. The rating by the firm was issued on August 12, 2016.

Manitowoc Company (The) (NYSE:MTW): The stock opened at $4.92 on Thursday but the bulls could not build on the opening and the stock topped out at $4.92 for the day. The stock traded down to $4.76 during the day, due to lack of any buying support eventually closed down at $4.85 with a loss of -1.02% for the day. The stock had closed at $4.90 on the previous day. The total traded volume was 1,327,731 shares.

The Manitowoc Company, Inc. (MTW) is a multi-industry capital goods manufacturer. The Company operates in two markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). Crane is a provider of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks. Foodservice is a manufacturer of commercial foodservice equipment serving the ice, beverage, refrigeration, food-preparation, holding and cooking needs of restaurants, convenience stores, hotels, healthcare and institutional applications. Its Crane products are marketed under the Manitowoc, Grove, Potain, National Crane, Shuttlelift and Manitowoc Crane Care brand names. Its Foodservice products, services and solutions are marketed under Cleveland, Convotherm, Dean, Delfield, Fabristeel, Frymaster, Garland, Inducs, Koolaire, Kolpak, Kysor Panel Systems and U.S. Range, Lincoln, Manitowoc Ice and Merrychef, among others.

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