Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for The Manitowoc Co Inc (NYSE: MTW) weakened during the last several trading days. MTW’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 9/13/24, The Manitowoc Co Inc (NYSE: MTW) stock enjoyed a large increase of 3.8%, closing at $9.68. However, trading volume in this advance was below average at 82% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 4.5% during the last week.
Current PriceTarget Research Rating
MTW is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Manitowoc has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Manitowoc has a good Appreciation Score of 82 but a very low Power Rating of 1, leading to the Negative Value Trend Rating.
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