Favorable Press Coverage Somewhat Unlikely to Affect Manitowoc Company, Inc. (The) (MTW) Stock Price

News headlines about Manitowoc Company, Inc. (The) (NYSE:MTW) have been trending positive on Monday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Manitowoc Company, Inc. (The) earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.7514496835203 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

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

What The Sell-Side Thinks Of Energen Corporation (EGN), The Manitowoc Company, Inc. (MTW) – StockNewsMagazine (stocknewsmagazine.com)
Manitowoc Company, Inc. (The) (MTW) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
Should Investors Listen To Analyst Recommendations?: The Manitowoc Company, Inc. (MTW) – Voice Of Analysts (analystsbuzz.com)
What Kind of Picture Are the Technicals Painting For Manitowoc Company Inc (MTW)? – Evergreen Caller (evergreencaller.com)
Looking at the Gauges on Manitowoc Company Inc (MTW) – Danville Daily (danvilledaily.com)

Manitowoc Company, Inc. (MTW) traded up 0.42% during mid-day trading on Monday, hitting $7.25. 233,261 shares of the company were exchanged. Manitowoc Company, Inc. has a 12-month low of $3.65 and a 12-month high of $7.57. The stock’s market cap is $1.02 billion. The company has a 50 day moving average of $5.85 and a 200 day moving average of $5.99.

Manitowoc Company, Inc. (The) (NYSE:MTW) last issued its earnings results on Monday, May 8th. The industrial products company reported ($0.17) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.17). The company had revenue of $305.80 million for the quarter, compared to analyst estimates of $336.85 million. Manitowoc Company, Inc. (The) had a negative net margin of 14.37% and a negative return on equity of 14.18%. The company’s revenue for the quarter was down 28.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) EPS. On average, equities research analysts expect that Manitowoc Company, Inc. will post ($0.31) earnings per share for the current fiscal year.

A number of research analysts have issued reports on the stock. Jefferies Group LLC reissued a “buy” rating on shares of Manitowoc Company, Inc. (The) in a research note on Tuesday, April 11th. Royal Bank Of Canada reissued a “hold” rating and set a $6.50 target price on shares of Manitowoc Company, Inc. (The) in a research note on Thursday, June 22nd. BidaskClub lowered shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $6.25 target price on shares of Manitowoc Company, Inc. (The) in a research note on Tuesday, July 4th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $5.89.

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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.