Why Manitowoc Company, Inc. (The) (NYSE:MTW) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $5.200 on Manitowoc Company, Inc. (The) (NYSE:MTW) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $-0.090 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Manitowoc Company, Inc. (The) (NYSE:MTW) stands at N/A.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Manitowoc Company, Inc. (The) C, the PEG ratio for coming 3-5 years is 1.120.

Technical Analysis

The technical analysis highlights that Manitowoc Company, Inc. (The) C current is trading $-0.609 points away or -11.202% from its 50-day moving average of $5.434. Further it is trading $-2.351 or -32.762% away its 200-day moving average of $7.176.

The 52-week high of Manitowoc Company, Inc. (The) (NYSE:MTW) was $17.680 while lowest point recorded in 52-week was $4.000. It implies if stock price makes a movement of over $-12.855, it will record a new 52-week high. In the case of +20.625% drop, it will touch a new 52-week low.

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