Stock Rating Downgrade
Recently the Value Trend Rating for The Manitowoc Co Inc (NYSE: MTW) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
The Manitowoc Co Inc (NYSE: MTW) stock enjoyed a large increase of 3.1% on 11/8/24. The stock closed at $11.04. Moreover, trading volume in this advance was unusually high at 173% of normal. The stock has been weak relative to the market over the last nine months but has risen 18.2% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Manitowoc has a good Appreciation Score of 78 but a very low Power Rating of 1, triggering the Negative Value Trend Rating.
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