RBC Capital Keeps Their Hold Rating on Manitowoc Company (MTW)

By Jason Carr

RBC Capital analyst Seth Weber maintained a Hold rating on Manitowoc Company (MTWResearch Report) on August 11 and set a price target of $20. The company’s shares closed last Monday at $15.78.

According to TipRanks.com, Weber is a 5-star analyst with an average return of 11.3% and a 59.9% success rate. Weber covers the Industrial Goods sector, focusing on stocks such as BrightView Holdings Inc, Terex Corp, and Adt Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Manitowoc Company with a $19.50 average price target, a 18.4% upside from current levels. In a report released yesterday, Robert W. Baird also downgraded the stock to Hold with a $19 price target.

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Based on Manitowoc Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $46 million. In comparison, last year the company had a net profit of $9.7 million.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock.

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The Manitowoc Co., Inc. engages in the design, manufacture and distribution of a line of crawler mounted lattice boom cranes, under the Manitowoc brand. It operates through the following segments: Americas, Europe and Africa, and Middle East and Asia Pacific. The Americas segment includes the North American and South American continents.