Manitowoc Company (MTW) Where Moving Ahead?

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Manitowoc Company (NYSE:MTW) shares traded -1.02% down during most recent session to reach at the closing price of $5.83. The stock exchanged hands 1.7 Million shares versus average trading capacity of 1.45 Million shares, yielding a market cap of $816.68 Million. Wall Street analysts covering the stock are projecting that the stock will reach $5.83 within the next 52-weeks. The mean target projections are based on 15 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Manitowoc Company (NYSE:MTW) high price target of $8 and with a conservative view have low price target of $3.

JP Morgan “Downgrades” Manitowoc Company (NYSE:MTW) in a research note issued to investors on 12/09/16 to Underweight with price target of $0.

Additionally on 10/12/16 Deutsche Bank “Maintained” Manitowoc Company (NYSE:MTW) to Hold setting price target at $ and on 10/12/16 Barclays “Maintained” the stock to Equal-Weight . Furthermore on 9/07/16 Deutsche Bank “Initiates Coverage on” the stock to Hold at $5.3.

On the other hand the company has Relative Strength Index (RSI 14) of 49.38 along with Average True Range (ATR 14) of 0.25, Consequently Manitowoc Company (NYSE:MTW)’s weekly and monthly volatility is 3.47%, 4.31% respectively. The company’s beta value is at 1.69.

In terms of Buy, Sell or Hold recommendations, Manitowoc Company (NYSE:MTW) has analysts’ mean recommendation of 2.8. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Manitowoc Company (NYSE:MTW)’s minimum EPS for the current quarter is at $-0.09. The consensus mean EPS for the current quarter is at $-0.04 derived from a total of 15 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.04 earnings per share for the same quarter during last year.

Previously Manitowoc Company (NYSE:MTW) reported $-0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.16 by $-0.01. The company posted an earnings surprise of -6.3%.

While considering growth estimates of the company, it has next quarter growth estimates of 78.6% whereas during current quarter it has -200% estimations over growth, comparing to the estimations of 34.1% during current year and 106.9% for next year. Past 5 years growth of Manitowoc Company (NYSE:MTW) observed at 7.84%, looking forward for the next 5 years it has a strong prediction of -39.7% over growth.

Manitowoc Company (NYSE:MTW)’s revenue estimates for the current quarter are $396.26 Million according to 13 number of analysts, for the current quarter the company has high revenue estimates of $425 Million in contradiction of low revenue estimates of $366.16 Million. For the current year the company’s revenue estimates are $1.45 Billion compared to low analyst estimates of $1.38 Billion and high estimates of $1.49 Billion according to 14 number of analysts.

Currently Manitowoc Company (NYSE:MTW)’s shares owned by insiders are 0.7%, whereas shares owned by institutional owners are 81.1%. However the six-month change in the insider ownership was recorded -3.99%, as well as three-month change in the institutional ownership was recorded 5.74%.

Manitowoc Company (NYSE:MTW) 52-week high price stands at $7.57 and low price stands at $3.65, its price distance from 52-week high is -22.99% while its distance from 52-week low price is 59.73%. The stock hit its 52-week high on 01/27/17, and 52-week low on 11/04/16.

Manitowoc Company (NYSE:MTW)’s trailing twelve month revenues are $1.49 Billion, whereas its price to sales ratio for the same period is 0.55. Its book value per share for the most recent quarter is $4.07 while its price to book ratio for the same period is 1.43, as for as the company’s cash per share for the most recent quarter is $0.26, however its price to cash per share ratio for the same period is 22.62. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.