The Manitowoc Company, Inc. (NYSE:MTW) registered a -5.20% decrease, still its new closing price is 138.40% up from the company’s 1 year high of 7.57.It posted 15.61% gains in previous 5 sessions and is now the subject of 12 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 2 buy or better ratings. The 15 stock analysts following this company have an average price target at $5.38, with individual PT in the $3.00-$7.00 range. The shares moved at $7.11, implying that brokerage firms see shares gaining about 99.47% in twelve months time.
The Manitowoc Company, Inc. (MTW) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 18.90% rise year to date. A Senior Vice President at The Manitowoc Company, Inc. (MTW) offloaded shares in a transaction closed on Tuesday February 16, 2016. Matosevic Josef sold 706 shares in the company at $15.24 each and collected $10,001 in proceeds. Matosevic Josef now owns 25,754 shares in the company after this transaction. A Senior Vice President in the company, Weyers Lawrence Joseph, disclosed a transaction on Tuesday February 16, 2016 that ended up generating $22,000 from the sale of 1,472 shares at $15.21 per share.
The Manitowoc Company, Inc. (NYSE:MTW) Upcoming Results on Tap
The Manitowoc Company, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.03 in that period. Sales during the quarter are predicted to arrive at $348.47 million.
Earnings surprise history: Last quarter, the company posted approximately $349.8 million in revenue and EPS of $-0.28. The mean forecast was for $346.47 million and $-0.26 a share, respectively. One quarter earlier, revenue for the stock was at $457.7 million, with earnings at $0.04/share.
The Manitowoc Company, Inc. (MTW) Brokerage Update
The Manitowoc Company, Inc. (MTW) is in JP Morgan’s research list so their analyst rating change is noteworthy. These shares were downgraded to Underweight from Neutral by JP Morgan, according to news reported on Friday December 09, 2016.Another important research note was issued by Seaport Global Securities on Thursday October 20, 2016.The firm downgraded MTW to Neutral from Buy. Over the last six months and over the last three months, the shares of The Manitowoc Company, Inc. (MTW), have changed 27.65% and 75.99%, respectively.