Manitowoc Company, Inc. (The) – Consensus ‘Hold’ rating and -1.6% Downside Potential

Broker Ratings
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Manitowoc Company, Inc. (The) with ticker code (MTW) now have 9 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 21 and 9 with the average target price sitting at $16.22. Now with the previous closing price of $16.49 this indicates there is a potential downside of -1.6%. The 50 day MA is $15.85 and the 200 day MA is $11.32. The market capitalization for the company is $596m. Visit the company website at: https://www.manitowoc.com

The potential market cap would be $586m based on the market consensus.

The Manitowoc Company, Inc. provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand. The company also provides aftermarket services, such as sale of parts and accessories, field service work, routine maintenance services, technical support, erection and decommissioning services, crane remanufacturing, and training services. Its crane products are used in various applications, including energy production/distribution and utilities; petrochemical and industrial projects; infrastructure, such as road, bridge, and airport construction; and commercial and high-rise residential construction. The company serves a range of customers, including dealers, rental companies, contractors, and government entities in the petrochemical, industrial, commercial construction, power and utilities, infrastructure, and residential construction end markets. The Manitowoc Company, Inc. was founded in 1902 and is headquartered in Milwaukee, Wisconsin.

The company is not paying dividends at this time.

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