The multi-industry, capital goods manufacturer, known for its crane business, has solid operational performance but faces industry sluggishness, analysts said.
"Manitowoc's track record of solid operational performance and free cash flow conversion should be complemented by numerous cost saving initiatives and reversal of operational headwinds," analyst said.
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"[However] we expect crane orders to remain range-bound, as muted global macro recovery is not strong enough to ignite fleet reinvestment," analysts added.
Shares of Manitowoc closed down 0.09% at $21.28 yesterday.
Separately, TheStreet Ratings team rates MANITOWOC CO as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MANITOWOC CO (MTW) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, increase in stock price during the past year and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."