Somewhat Positive News Coverage Somewhat Unlikely to Impact Manitowoc Company, Inc. (The) (NYSE:MTW) Stock Price

Press coverage about Manitowoc Company, Inc. (The) (NYSE:MTW) has trended somewhat positive this week, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Manitowoc Company, Inc. (The) earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 45.3138620732563 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Manitowoc Company, Inc. (NYSE:MTW) traded down 2.40% on Friday, reaching $7.74. 1,623,991 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $6.50 and a 200-day moving average price of $6.11. The stock’s market capitalization is $1.09 billion. Manitowoc Company, Inc. has a 52 week low of $3.65 and a 52 week high of $8.40.

Manitowoc Company, Inc. (The) (NYSE:MTW) last issued its earnings results on Monday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.09. Manitowoc Company, Inc. (The) had a negative return on equity of 14.85% and a negative net margin of 14.63%. The business had revenue of $394.60 million during the quarter, compared to the consensus estimate of $396.44 million. During the same period last year, the company earned $0.03 EPS. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. On average, analysts predict that Manitowoc Company, Inc. will post ($0.14) earnings per share for the current year.

Several research firms have recently issued reports on MTW. J P Morgan Chase & Co upgraded shares of Manitowoc Company, Inc. (The) from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $6.00 to $7.00 in a research report on Thursday. BidaskClub upgraded shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. UBS AG reiterated a “neutral” rating and set a $8.00 price objective (up previously from $6.00) on shares of Manitowoc Company, Inc. (The) in a research report on Thursday, August 10th. ValuEngine upgraded shares of Manitowoc Company, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $9.50 price target (up previously from $8.00) on shares of Manitowoc Company, Inc. (The) in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.19.

WARNING: “Somewhat Positive News Coverage Somewhat Unlikely to Impact Manitowoc Company, Inc. (The) (NYSE:MTW) Stock Price” was first reported by Rincon Hill News and is the property of of Rincon Hill News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://rinconhillneighbors.org/2017/08/19/manitowoc-company-inc-the-nysemtw-given-daily-news-impact-rating-of-0-10-updated-updated.html.

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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