Shares of Manitex International Inc (NASDAQ:MNTX) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price target of $15.00 for the company and are forecasting that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also given Manitex International an industry rank of 60 out of 255 based on the ratings given to related companies.
A number of research analysts have recently weighed in on the company. Zacks Investment Research cut Manitex International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. ValuEngine raised Manitex International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 26th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its holdings in Manitex International by 6.5% in the 4th quarter. Wells Fargo & Company MN now owns 361,468 shares of the industrial products company’s stock worth $3,471,000 after purchasing an additional 21,973 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Manitex International by 118.8% in the 4th quarter. Bank of New York Mellon Corp now owns 31,305 shares of the industrial products company’s stock worth $300,000 after purchasing an additional 17,000 shares in the last quarter. Element Capital Management LLC purchased a new position in Manitex International in the 1st quarter worth approximately $142,000. Monarch Partners Asset Management LLC purchased a new position in Manitex International in the 1st quarter worth approximately $540,000. Finally, Intrinsic Edge Capital Management LLC lifted its holdings in Manitex International by 14.6% in the 1st quarter. Intrinsic Edge Capital Management LLC now owns 119,571 shares of the industrial products company’s stock worth $1,367,000 after purchasing an additional 15,262 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors.
Shares of Manitex International traded down $0.03, reaching $11.59, during trading hours on Friday, Marketbeat reports. 111,820 shares of the company traded hands, compared to its average volume of 52,779. Manitex International has a 12-month low of $7.28 and a 12-month high of $13.26. The company has a quick ratio of 0.78, a current ratio of 1.79 and a debt-to-equity ratio of 0.54. The stock has a market cap of $227.83 million, a P/E ratio of 57.95 and a beta of 1.45.
Manitex International (NASDAQ:MNTX) last posted its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Manitex International had a negative net margin of 1.98% and a positive return on equity of 6.07%. The company had revenue of $63.90 million for the quarter, compared to analysts’ expectations of $62.05 million. equities research analysts expect that Manitex International will post 0.44 earnings per share for the current fiscal year.
Manitex International Company Profile
Manitex International, Inc provides engineered lifting solutions. The company designs, manufactures, and distributes products that are used in various industries. It offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development, including roads, bridges, and commercial construction.
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