Manitowoc Company (The) (MTW) has an average broker rating of 2.25, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.
Manitowoc Company (The) (MTW) : 7 investment research analysts covering Manitowoc Company (The) (MTW) have an average price target of $6.07 for the near short term. The highest target price given by the Brokerage Firm to the stock is $7 and the lowest target is $5 for the short term. Analysts expect the variance to be within $0.93 of the average price.
Company shares have received an average consensus rating of Hold for the current week Manitowoc Company (The) (NYSE:MTW): The stock opened at $4.78 on Thursday but the bulls could not build on the opening and the stock topped out at $4.84 for the day. The stock traded down to $4.75 during the day, due to lack of any buying support eventually closed down at $4.75 with a loss of -1.86% for the day. The stock had closed at $4.84 on the previous day. The total traded volume was 2,568,329 shares.
In a related news, Weyers Lawrence Joseph, (Senior Vice President) of Manitowoc Co Inc, unloaded 1,472 shares at an average price of $15.2 on February 16, 2016. The total amount of the transaction was worth $22,374, according to the disclosed information 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.