News coverage about Manitowoc (NYSE:MTW) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Manitowoc earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.8761264908437 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Shares of The Manitowoc Company, Inc. (MTW) are worth at $38.26 – Wall Street Morning (wallstreetmorning.com)
- ICB to purchase Manitowoc Company headquarters (markets.financialcontent.com)
- Manitowoc (MTW) versus ASV (ASV) Head to Head Comparison (americanbankingnews.com)
- The Manitowoc Company moving HQ to Milwaukee (biztimes.com)
- Manitowoc (MTW) Plans to Relocate Corporate Headquarters (zacks.com)
Manitowoc (NYSE MTW) opened at $39.90 on Friday. The company has a current ratio of 1.76, a quick ratio of 0.67 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1,400.00, a price-to-earnings ratio of -29.12 and a beta of 1.56. Manitowoc has a twelve month low of $21.00 and a twelve month high of $42.12.
A number of analysts recently issued reports on the stock. Deutsche Bank reissued a “hold” rating and set a $32.28 price target (up from $31.40) on shares of Manitowoc in a report on Monday, October 9th. Robert W. Baird reissued a “buy” rating and set a $47.00 price target on shares of Manitowoc in a report on Friday, November 24th. Zacks Investment Research downgraded shares of Manitowoc from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Seaport Global Securities raised shares of Manitowoc from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Monday, November 20th. Finally, Jefferies Group reissued a “buy” rating and set a $42.00 price target on shares of Manitowoc in a report on Friday, October 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Manitowoc has an average rating of “Buy” and a consensus price target of $39.64.
In related news, Director Charles David Myers acquired 3,854 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were acquired at an average cost of $39.12 per share, with a total value of $150,768.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.82% of the company’s stock.
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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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