Manitex International with ticker code (MNTX) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The target price ranges between 6 and 6 calculating the average target price we see 6. With the stocks previous close at 5.06 this now indicates there is a potential upside of 18.6%. The 50 day moving average now sits at 4.5 and the 200 moving average now moves to 4.51. The market cap for the company is $107m. Company Website: http://www.manitexinternational.com
The potential market cap would be $127m based on the market concensus.
Manitex International provides engineered lifting solutions worldwide. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction. In addition, the company manufactures and sells rough terrain cranes and material handling products for construction, municipality, and railroad industries; truck mounted hydraulic knuckle boom cranes; and shipping articulated cranes. Further, it offers mobile tanks for petrochemical, waste management, and oil and gas drilling markets; and repair services, as well as supplies repair parts for various medium to heavy duty construction equipment; and rents equipment. The company provides its products under the Manitex, PM, MAC, PM-Tadano, Oil & Steel, Badger, Sabre, and Valla brands. It also sells its products through dealers and rental distribution channel. The company was formerly known as Veri-Tek International, Corp. and changed its name to Manitex International in May 2008. Manitex International was founded in 1993 and is based in Bridgeview, Illinois.
