The Manitowoc Company, Inc. (MTW) down -2.25 per cent in the past week, is under coverage of 15 analysts who collectively recommend a hold rating on stock. 3 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 14 equity analysts who rate the stock have an average target price at $5.82, with individual targets ranging between $4 and $7. The shares closed last trade at $5.65, implying that analysts see shares rising about 3.01 per cent in 12 months’ time.
Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are -63.19 down so far this year. A Senior Vice President at The Manitowoc Company, Inc. (MTW) sold shares in the company in a transaction completed on Tuesday February 16, 2016. Weyers Lawrence Joseph offloaded 1,472 shares in the company at an average price of $15.21 and ended up generating $22,390 in proceeds. Weyers Lawrence Joseph retains 57,183 shares in the company after this transaction. A SVP HR and Administration in the company, Musial Thomas G, on Tuesday February 16, 2016 collected $75,250 from the sale of 4,941 shares at $15.21 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.
Earnings to Watch: Investors considering MTW stock at the going market price of $5.65/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.04 in earnings per share (EPS). That would represent a -81.82% year-over-year decrease. Revenue for the same period is expected to arrive at $467.09M.
Earnings Roundup: In the last fiscal quarter alone, The Manitowoc Company, Inc. generated around $427.4M in revenue and net income of -$0.04/share. That compares with the consensus estimate $365.73M and -$0.02/share, respectively. For the prior quarter revenue for the company hit $934.8M, with earnings at $0.43/share.
Analyst Coverage: Seaport Global Securities has been a brokerage house following shares of The Manitowoc Company, Inc. (MTW), so its rating change is noteworthy. The stock was upgraded to Buy from Neutral, wrote analysts at Seaport Global Securities, in a note issued to clients on Friday May 06, 2016. There was another key note issued by Stifel on Wednesday April 20, 2016. The firm lifted its rating on MTW from Hold to Buy.
Price Momentum: Despite the -1.57% decrease in value, the stock’s new closing price represents a -72.6% fall in value from company’s one year high of $20.55. The stock is currently holding below its 50 day moving average of $6.01 and below its 200 day moving average of $5.72. Over the last three months and over the last six months, the shares of The Manitowoc Company, Inc. (MTW), have changed -52.91% and 10.12%, respectively.