Price Target Update on Manitowoc Company (The) (NYSE:MTW)

Manitowoc Company (The) (NYSE:MTW) : The highest level Manitowoc Company (The) (NYSE:MTW) is projected to reach is $7 for the short term and the lowest estimate is at $5. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $6.07 and the possibility the share price can swing is $0.93.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Manitowoc Company (The) (NYSE:MTW). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $6 per share from a prior target of $4.5. The rating by the firm was issued on May 13, 2016.

Manitowoc Company (The) (NYSE:MTW): stock turned positive on Thursday. Though the stock opened at $5.82, the bulls momentum made the stock top out at $5.87 level for the day. The stock recorded a low of $5.71 and closed the trading day at $5.79, in the green by 1.22%. The total traded volume for the day was 2,810,954. The stock had closed at $5.72 in the previous days trading.

The company shares have dropped -71.40% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $20.20 and the one year low was seen on Mar 8, 2016. The 50-Day Moving Average price is $5.75 and the 200 Day Moving Average price is recorded at $9.36. On the companys insider trading activities,The (Senior Vice President) of Manitowoc Co Inc, Weyers Lawrence Joseph sold 1,472 shares at $15.2 on February 16, 2016. The Insider selling transaction had a total value worth of $22,374. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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