Manitowoc Company, Inc. (The) (MTW) Getting Somewhat Positive Media Coverage, Accern Reports

Press coverage about Manitowoc Company, Inc. (The) (NYSE:MTW) has trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Manitowoc Company, Inc. (The) earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.1765730741849 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern’s rankings:

Shares of Manitowoc Company, Inc. (MTW) traded up $0.09 on Friday, hitting $10.04. 1,440,000 shares of the company’s stock traded hands, compared to its average volume of 1,310,000. Manitowoc Company, Inc. has a one year low of $3.65 and a one year high of $10.34. The company has a quick ratio of 0.68, a current ratio of 1.71 and a debt-to-equity ratio of 0.47.

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, topping the Zacks’ consensus estimate of ($0.04) by $0.09. The firm had revenue of $394.60 million for the quarter, compared to the consensus estimate of $396.44 million. Manitowoc Company, Inc. (The) had a negative return on equity of 14.85% and a negative net margin of 14.63%. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. analysts anticipate that Manitowoc Company, Inc. will post -0.15 earnings per share for the current fiscal year.

MTW has been the topic of several research analyst reports. Zacks Investment Research raised shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Monday, September 11th. BidaskClub raised shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Jefferies Group LLC reissued a “buy” rating and set a $9.50 target price (up previously from $8.00) on shares of Manitowoc Company, Inc. (The) in a research note on Wednesday, August 9th. TheStreet raised shares of Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a research note on Monday, August 7th. Finally, Deutsche Bank AG raised their target price on shares of Manitowoc Company, Inc. (The) from $5.81 to $7.85 and gave the company a “hold” rating in a research note on Wednesday, August 9th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $8.69.

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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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