Media coverage about Manitowoc (NYSE:MTW) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Manitowoc earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.880847911191 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Holy Family Memorial Installs Bacteria Fighting Operating Room Light Fixtures (prweb.com)
- ETFs with exposure to The Manitowoc Co., Inc. : December 5, 2017 (finance.yahoo.com)
- Head to Head Review: Manitowoc (MTW) & The Competition (americanbankingnews.com)
- Manitowoc Company, Inc. (The) (MTW) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- The Manitowoc Co., Inc. :MTW-US: Earnings Analysis: Q3, 2017 By the Numbers : December 1, 2017 (finance.yahoo.com)
Manitowoc (MTW) traded down $1.22 on Thursday, hitting $39.28. 369,900 shares of the company traded hands, compared to its average volume of 422,363. The company has a quick ratio of 0.67, a current ratio of 1.76 and a debt-to-equity ratio of 0.44. Manitowoc has a 1 year low of $21.00 and a 1 year high of $42.12.
Manitowoc (NYSE:MTW) last posted its earnings results on Monday, November 6th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.44. Manitowoc had a negative net margin of 4.01% and a negative return on equity of 6.17%. The firm had revenue of $399.40 million during the quarter, compared to analysts’ expectations of $385.01 million. During the same period in the previous year, the business posted ($1.12) EPS. The business’s revenue was up 14.2% compared to the same quarter last year. equities research analysts forecast that Manitowoc will post -0.19 earnings per share for the current fiscal year.
MTW has been the subject of several research reports. Credit Suisse Group lifted their price objective on shares of Manitowoc from $24.40 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. Deutsche Bank lifted their price objective on shares of Manitowoc from $23.24 to $31.40 and gave the company a “hold” rating in a research note on Wednesday, August 9th. Jefferies Group restated a “buy” rating and set a $38.00 price objective (up from $32.00) on shares of Manitowoc in a research note on Wednesday, August 9th. ValuEngine upgraded shares of Manitowoc from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, UBS restated a “neutral” rating and set a $32.00 price objective (up from $24.00) on shares of Manitowoc in a research note on Thursday, August 10th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Manitowoc currently has an average rating of “Buy” and an average price target of $37.34.
In other news, Director Charles David Myers bought 3,854 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was purchased at an average cost of $39.12 per share, for a total transaction of $150,768.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.82% of the company’s stock.
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Manitowoc Company Profile
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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