Manitowoc Company, Inc. (The) (NYSE:MTW) Given Media Impact Score of 0.20
News articles about Manitowoc Company, Inc. (The) (NYSE:MTW) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Manitowoc Company, Inc. (The) earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 45.0040855667735 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Manitowoc Company, Inc. (The) (MTW) – Citigroup Maintains Rating And Raises Price Target – First News 24 (firstnewspaper24.com)
- Quarterly Gainer: The Manitowoc Company, Inc. (MTW) stock performed 58.19% – Street Observer (press release) (streetobserver.com)
- Technical Analysis of The Manitowoc Company, Inc. (NYSE:MTW) – The Oracle Examiner (oracleexaminer.com)
- Manitowoc Company, Inc. (The) (MTW) Price Target Raised to $10.00 (americanbankingnews.com)
- $382.98 Million in Sales Expected for Manitowoc Company, Inc. (The) (MTW) This Quarter (americanbankingnews.com)
Shares of Manitowoc Company, Inc. (NYSE:MTW) traded down 1.40% during midday trading on Friday, reaching $9.14. 726,375 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $8.52 and a 200 day moving average price of $6.73. The firm’s market cap is $1.29 billion. Manitowoc Company, Inc. has a 12 month low of $3.65 and a 12 month high of $9.97.
Manitowoc Company, Inc. (The) (NYSE:MTW) last released its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.09. Manitowoc Company, Inc. (The) had a negative net margin of 14.63% and a negative return on equity of 14.85%. The company had revenue of $394.60 million for the quarter, compared to the consensus estimate of $396.44 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Manitowoc Company, Inc. (The)’s revenue was down 13.8% on a year-over-year basis. Equities research analysts predict that Manitowoc Company, Inc. will post ($0.14) earnings per share for the current year.
Several analysts recently commented on the company. ValuEngine upgraded Manitowoc Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Royal Bank Of Canada reiterated a “hold” rating and set a $6.50 target price on shares of Manitowoc Company, Inc. (The) in a report on Thursday, June 22nd. BidaskClub cut Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Jefferies Group LLC restated a “buy” rating and issued a $9.50 price objective (up previously from $8.00) on shares of Manitowoc Company, Inc. (The) in a report on Wednesday, August 9th. Finally, TheStreet upgraded Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a report on Monday, August 7th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $8.01.
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About Manitowoc Company, Inc. (The)
The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.
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