The Manitowoc Company, Inc (MTW) is a multi-industry, capital goods manufacturer.
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Manitowoc (NYSE:MTW) traded down 11.485% during mid-day trading on Tuesday, hitting $5.125. The company’s loss from continuing operations in the second-quarter 2016 and 2015 was ($4.1) million and ($6.3) million, respectively. Its stock price has fallen more than 60 percent lower since the beginning of 2016.
Unfortunately, the company does not expect those market challenges to abate during the second half. Its quick ratio for most recent quarter is 0.80 along with current ratio for most recent quarter of 1.70.
On the expenditure side, the company reaffirmed its depreciation to incur in between $45-50 million, while amortization to land in $3-4 million. At present, 12 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. “Underperform” verdict was shared by 0 analyst and “Outperform” recommendation was issued by 0 analyst.
Manitowoc Co. (NYSE:MTW)’s stock had its “hold” rating reiterated by research analysts at Credit Suisse Group AG in a report issued on Tuesday. The company’s beta value is at 2.89. The stock’s RSI amounts to 58.87.
Adjusted operating income for the second quarter of 2016 was $14.8 million, compared to $15.4 million in the same period past year. It shifted down -40.86% in contrast to its 200 day moving average of $7.33. The average 12-month target price from these firms was calculated $5.92.
During the 52-week period, the peak price level of the share was observed at $142.15; this is higher price of share and down price level of the share was seen at $96.68; this is lower price at which share is traded.
A number of FactSet analysts shared their views about the current stock momentum. 4 analysts have rated the company as a strong “Hold”. 0 analysts assign “Sell” rating for the stock. The company has an Average Rating of 2.25 based on Thomson Reuters I/B/E/S scale of 1-5.
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Raytheon Company’s (RTN) EPS growth ratio for the past five years was 7.10% while Sales growth for the past five years was -1.60%. The company now has a Return on Equity of -16.60% and Return on Investment of 6.30%. BlackRock Inc. now owns 23,828 shares of the company’s stock worth $103,000 after buying an additional 17,768 shares during the last quarter.
