Intrinsic value of Manitowoc - MTW

Previous Close

$19.07

  Intrinsic Value

$1.65

stock screener

  Rating & Target

str. sell

-91%

Previous close

$19.07

 
Intrinsic value

$1.65

 
Up/down potential

-91%

 
Rating

str. sell

We calculate the intrinsic value of MTW stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  25.50
  23.45
  21.61
  19.94
  18.45
  17.11
  15.89
  14.81
  13.82
  12.94
  12.15
  11.43
  10.79
  10.21
  9.69
  9.22
  8.80
  8.42
  8.08
  7.77
  7.49
  7.24
  7.02
  6.82
  6.64
  6.47
  6.32
  6.19
  6.07
  5.97
Revenue, $m
  1,985
  2,450
  2,979
  3,573
  4,233
  4,957
  5,745
  6,595
  7,507
  8,478
  9,508
  10,595
  11,739
  12,937
  14,191
  15,499
  16,863
  18,283
  19,759
  21,294
  22,890
  24,548
  26,271
  28,062
  29,923
  31,860
  33,875
  35,973
  38,157
  40,433
Variable operating expenses, $m
  2,162
  2,658
  3,223
  3,857
  4,560
  5,333
  6,174
  7,081
  8,054
  9,090
  10,145
  11,305
  12,525
  13,803
  15,141
  16,537
  17,992
  19,507
  21,082
  22,720
  24,423
  26,191
  28,030
  29,941
  31,927
  33,993
  36,143
  38,381
  40,712
  43,141
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,162
  2,658
  3,223
  3,857
  4,560
  5,333
  6,174
  7,081
  8,054
  9,090
  10,145
  11,305
  12,525
  13,803
  15,141
  16,537
  17,992
  19,507
  21,082
  22,720
  24,423
  26,191
  28,030
  29,941
  31,927
  33,993
  36,143
  38,381
  40,712
  43,141
Operating income, $m
  -177
  -208
  -244
  -284
  -328
  -376
  -429
  -486
  -547
  -612
  -637
  -709
  -786
  -866
  -950
  -1,038
  -1,129
  -1,224
  -1,323
  -1,426
  -1,533
  -1,644
  -1,759
  -1,879
  -2,004
  -2,133
  -2,268
  -2,409
  -2,555
  -2,707
EBITDA, $m
  -98
  -121
  -148
  -177
  -210
  -246
  -285
  -327
  -372
  -420
  -471
  -525
  -582
  -641
  -703
  -768
  -836
  -906
  -979
  -1,055
  -1,134
  -1,216
  -1,302
  -1,391
  -1,483
  -1,579
  -1,679
  -1,783
  -1,891
  -2,004
Interest expense (income), $m
  50
  39
  72
  111
  155
  204
  259
  319
  385
  455
  531
  612
  697
  788
  882
  982
  1,086
  1,195
  1,308
  1,426
  1,549
  1,676
  1,809
  1,946
  2,089
  2,238
  2,393
  2,554
  2,721
  2,895
  3,077
Earnings before tax, $m
  -216
  -281
  -355
  -439
  -532
  -635
  -748
  -871
  -1,002
  -1,143
  -1,248
  -1,407
  -1,574
  -1,749
  -1,932
  -2,124
  -2,324
  -2,532
  -2,749
  -2,974
  -3,209
  -3,452
  -3,705
  -3,968
  -4,242
  -4,526
  -4,822
  -5,130
  -5,450
  -5,784
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -216
  -281
  -355
  -439
  -532
  -635
  -748
  -871
  -1,002
  -1,143
  -1,248
  -1,407
  -1,574
  -1,749
  -1,932
  -2,124
  -2,324
  -2,532
  -2,749
  -2,974
  -3,209
  -3,452
  -3,705
  -3,968
  -4,242
  -4,526
  -4,822
  -5,130
  -5,450
  -5,784

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,019
  2,492
  3,031
  3,635
  4,306
  5,042
  5,844
  6,709
  7,637
  8,625
  9,673
  10,779
  11,942
  13,161
  14,436
  15,767
  17,155
  18,599
  20,101
  21,663
  23,286
  24,972
  26,725
  28,547
  30,441
  32,411
  34,461
  36,595
  38,817
  41,133
Adjusted assets (=assets-cash), $m
  2,019
  2,492
  3,031
  3,635
  4,306
  5,042
  5,844
  6,709
  7,637
  8,625
  9,673
  10,779
  11,942
  13,161
  14,436
  15,767
  17,155
  18,599
  20,101
  21,663
  23,286
  24,972
  26,725
  28,547
  30,441
  32,411
  34,461
  36,595
  38,817
  41,133
Revenue / Adjusted assets
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
  0.983
Average production assets, $m
  653
  806
  980
  1,176
  1,393
  1,631
  1,890
  2,170
  2,470
  2,789
  3,128
  3,486
  3,862
  4,256
  4,669
  5,099
  5,548
  6,015
  6,501
  7,006
  7,531
  8,076
  8,643
  9,232
  9,845
  10,482
  11,145
  11,835
  12,554
  13,303
Working capital, $m
  240
  296
  360
  432
  512
  600
  695
  798
  908
  1,026
  1,150
  1,282
  1,420
  1,565
  1,717
  1,875
  2,040
  2,212
  2,391
  2,577
  2,770
  2,970
  3,179
  3,395
  3,621
  3,855
  4,099
  4,353
  4,617
  4,892
Total debt, $m
  514
  788
  1,099
  1,449
  1,838
  2,264
  2,728
  3,229
  3,766
  4,338
  4,945
  5,585
  6,259
  6,965
  7,703
  8,474
  9,277
  10,113
  10,983
  11,887
  12,827
  13,804
  14,818
  15,873
  16,970
  18,111
  19,297
  20,533
  21,820
  23,160
Total liabilities, $m
  1,169
  1,443
  1,755
  2,105
  2,493
  2,920
  3,384
  3,885
  4,422
  4,994
  5,600
  6,241
  6,914
  7,620
  8,359
  9,129
  9,932
  10,769
  11,638
  12,543
  13,482
  14,459
  15,474
  16,529
  17,625
  18,766
  19,953
  21,188
  22,475
  23,816
Total equity, $m
  850
  1,049
  1,276
  1,530
  1,813
  2,123
  2,460
  2,825
  3,215
  3,631
  4,072
  4,538
  5,027
  5,541
  6,078
  6,638
  7,222
  7,830
  8,462
  9,120
  9,803
  10,513
  11,251
  12,018
  12,816
  13,645
  14,508
  15,406
  16,342
  17,317
Total liabilities and equity, $m
  2,019
  2,492
  3,031
  3,635
  4,306
  5,043
  5,844
  6,710
  7,637
  8,625
  9,672
  10,779
  11,941
  13,161
  14,437
  15,767
  17,154
  18,599
  20,100
  21,663
  23,285
  24,972
  26,725
  28,547
  30,441
  32,411
  34,461
  36,594
  38,817
  41,133
Debt-to-equity ratio
  0.600
  0.750
  0.860
  0.950
  1.010
  1.070
  1.110
  1.140
  1.170
  1.190
  1.210
  1.230
  1.240
  1.260
  1.270
  1.280
  1.280
  1.290
  1.300
  1.300
  1.310
  1.310
  1.320
  1.320
  1.320
  1.330
  1.330
  1.330
  1.340
  1.340
Adjusted equity ratio
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421
  0.421

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -216
  -281
  -355
  -439
  -532
  -635
  -748
  -871
  -1,002
  -1,143
  -1,248
  -1,407
  -1,574
  -1,749
  -1,932
  -2,124
  -2,324
  -2,532
  -2,749
  -2,974
  -3,209
  -3,452
  -3,705
  -3,968
  -4,242
  -4,526
  -4,822
  -5,130
  -5,450
  -5,784
Depreciation, amort., depletion, $m
  79
  87
  96
  107
  118
  131
  144
  159
  175
  192
  166
  184
  204
  225
  247
  270
  294
  318
  344
  371
  398
  427
  457
  488
  521
  555
  590
  626
  664
  704
Funds from operations, $m
  -137
  -194
  -259
  -332
  -414
  -505
  -604
  -711
  -827
  -951
  -1,083
  -1,222
  -1,369
  -1,524
  -1,685
  -1,854
  -2,030
  -2,214
  -2,405
  -2,604
  -2,810
  -3,025
  -3,248
  -3,480
  -3,721
  -3,972
  -4,232
  -4,503
  -4,786
  -5,080
Change in working capital, $m
  49
  56
  64
  72
  80
  88
  95
  103
  110
  118
  125
  132
  138
  145
  152
  158
  165
  172
  179
  186
  193
  201
  208
  217
  225
  234
  244
  254
  264
  275
Cash from operations, $m
  -186
  -250
  -323
  -404
  -494
  -592
  -699
  -814
  -938
  -1,069
  -1,207
  -1,354
  -1,508
  -1,669
  -1,837
  -2,012
  -2,195
  -2,386
  -2,584
  -2,790
  -3,003
  -3,226
  -3,457
  -3,697
  -3,946
  -4,206
  -4,476
  -4,757
  -5,050
  -5,356
Maintenance CAPEX, $m
  -28
  -35
  -43
  -52
  -62
  -74
  -86
  -100
  -115
  -131
  -148
  -166
  -184
  -204
  -225
  -247
  -270
  -294
  -318
  -344
  -371
  -398
  -427
  -457
  -488
  -521
  -555
  -590
  -626
  -664
New CAPEX, $m
  -132
  -153
  -174
  -195
  -217
  -238
  -259
  -280
  -300
  -320
  -339
  -358
  -376
  -394
  -412
  -430
  -449
  -467
  -486
  -505
  -525
  -545
  -567
  -589
  -613
  -637
  -663
  -690
  -719
  -749
Cash from investing activities, $m
  -160
  -188
  -217
  -247
  -279
  -312
  -345
  -380
  -415
  -451
  -487
  -524
  -560
  -598
  -637
  -677
  -719
  -761
  -804
  -849
  -896
  -943
  -994
  -1,046
  -1,101
  -1,158
  -1,218
  -1,280
  -1,345
  -1,413
Free cash flow, $m
  -346
  -438
  -540
  -651
  -773
  -904
  -1,045
  -1,194
  -1,352
  -1,519
  -1,694
  -1,877
  -2,068
  -2,267
  -2,475
  -2,690
  -2,914
  -3,146
  -3,388
  -3,639
  -3,899
  -4,170
  -4,451
  -4,743
  -5,047
  -5,364
  -5,694
  -6,037
  -6,395
  -6,769
Issuance/(repayment) of debt, $m
  239
  274
  312
  350
  388
  426
  464
  501
  537
  572
  607
  640
  673
  706
  738
  771
  803
  836
  870
  904
  940
  977
  1,015
  1,055
  1,097
  1,141
  1,187
  1,235
  1,287
  1,341
Issuance/(repurchase) of shares, $m
  388
  480
  582
  693
  814
  945
  1,086
  1,235
  1,393
  1,559
  1,689
  1,872
  2,063
  2,262
  2,469
  2,684
  2,908
  3,140
  3,381
  3,632
  3,892
  4,162
  4,443
  4,735
  5,039
  5,355
  5,685
  6,028
  6,386
  6,759
Cash from financing (excl. dividends), $m  
  627
  754
  894
  1,043
  1,202
  1,371
  1,550
  1,736
  1,930
  2,131
  2,296
  2,512
  2,736
  2,968
  3,207
  3,455
  3,711
  3,976
  4,251
  4,536
  4,832
  5,139
  5,458
  5,790
  6,136
  6,496
  6,872
  7,263
  7,673
  8,100
Total cash flow (excl. dividends), $m
  281
  316
  354
  392
  430
  468
  505
  542
  577
  612
  602
  636
  668
  701
  733
  765
  797
  830
  863
  898
  933
  969
  1,007
  1,047
  1,089
  1,132
  1,178
  1,226
  1,277
  1,331
Retained Cash Flow (-), $m
  -388
  -480
  -582
  -693
  -814
  -945
  -1,086
  -1,235
  -1,393
  -1,559
  -1,689
  -1,872
  -2,063
  -2,262
  -2,469
  -2,684
  -2,908
  -3,140
  -3,381
  -3,632
  -3,892
  -4,162
  -4,443
  -4,735
  -5,039
  -5,355
  -5,685
  -6,028
  -6,386
  -6,759
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -107
  -164
  -228
  -301
  -385
  -478
  -581
  -693
  -815
  -947
  -1,087
  -1,237
  -1,395
  -1,561
  -1,736
  -1,919
  -2,111
  -2,310
  -2,518
  -2,734
  -2,959
  -3,193
  -3,436
  -3,688
  -3,951
  -4,223
  -4,507
  -4,802
  -5,108
  -5,428
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  -103
  -150
  -198
  -248
  -298
  -347
  -392
  -433
  -468
  -496
  -516
  -528
  -530
  -524
  -510
  -488
  -459
  -425
  -388
  -347
  -306
  -265
  -225
  -188
  -154
  -123
  -97
  -74
  -56
  -41
Current shareholders' claim on cash, %
  63.6
  40.6
  26.1
  16.9
  11.1
  7.3
  4.8
  3.2
  2.1
  1.4
  1.0
  0.7
  0.5
  0.3
  0.2
  0.2
  0.1
  0.1
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

The Manitowoc Company, Inc. is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name. It designs and manufactures mobile telescopic cranes, which it sells under the Grove brand name and a line of hydraulically powered telescopic boom trucks, which it sells under the National Crane brand name. It also provides crane product parts and services and crane rebuilding, remanufacturing and training services, which are delivered under the Manitowoc Crane Care brand name. Its crane products are used in a range of applications, including energy production/distribution and utilities, petrochemical and industrial projects, and infrastructure applications.

FINANCIAL RATIOS  of  Manitowoc (MTW)

Valuation Ratios
P/E Ratio -1.8
Price to Sales 0.4
Price to Book 1.1
Price to Tangible Book
Price to Cash Flow -3.9
Price to Free Cash Flow -3.1
Growth Rates
Sales Growth Rate -13.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -16.4%
Cap. Spend. - 3 Yr. Gr. Rate -16.2%
Financial Strength
Quick Ratio 6
Current Ratio 0.1
LT Debt to Equity 45.7%
Total Debt to Equity 47.7%
Interest Coverage -4
Management Effectiveness
Return On Assets -12.1%
Ret/ On Assets - 3 Yr. Avg. -1.5%
Return On Total Capital -24.2%
Ret/ On T. Cap. - 3 Yr. Avg. -5%
Return On Equity -52.5%
Return On Equity - 3 Yr. Avg. -8.9%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 15.7%
Gross Margin - 3 Yr. Avg. 17.9%
EBITDA Margin -10.5%
EBITDA Margin - 3 Yr. Avg. -0.6%
Operating Margin -14.3%
Oper. Margin - 3 Yr. Avg. -3.8%
Pre-Tax Margin -16.6%
Pre-Tax Margin - 3 Yr. Avg. -7.8%
Net Profit Margin -23.3%
Net Profit Margin - 3 Yr. Avg. -4.5%
Effective Tax Rate -37.7%
Eff/ Tax Rate - 3 Yr. Avg. 28.1%
Payout Ratio 0%

MTW stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MTW stock intrinsic value calculation we used $1581.3 million for the last fiscal year's total revenue generated by Manitowoc. The default revenue input number comes from 0001 income statement of Manitowoc. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MTW stock valuation model: a) initial revenue growth rate of 25.5% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for MTW is calculated based on our internal credit rating of Manitowoc, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Manitowoc.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MTW stock the variable cost ratio is equal to 109.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for MTW stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 14.1% for Manitowoc.

Corporate tax rate of 27% is the nominal tax rate for Manitowoc. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MTW stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MTW are equal to 32.9%.

Life of production assets of 18.9 years is the average useful life of capital assets used in Manitowoc operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MTW is equal to 12.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $677.5 million for Manitowoc - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 35.536 million for Manitowoc is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Manitowoc at the current share price and the inputted number of shares is $0.7 billion.

RELATED COMPANIES Price Int.Val. Rating
TEX Terex 31.10 3.17  str.sell
MNTX Manitex Intern 7.04 21.24  str.buy
ASTE Astec Industri 34.54 19.15  str.sell
CAT Caterpillar 129.42 601.98  str.buy

COMPANY NEWS

▶ Why Welbilt Stock Dropped 23% Today   [11:26AM  Motley Fool]
▶ Q3 Earnings Preview For Manitowoc   [08:09AM  Benzinga]
▶ Why Manitowoc Stock Fell in August   [Sep-10-18 07:08AM  Motley Fool]
▶ Manitowoc Still Does Not Show Any Signs of a Bottom   [Aug-14-18 02:08PM  TheStreet.com]
▶ What Welbilt is looking for in its new CEO   [01:13PM  American City Business Journals]
▶ Earnings Preview: Manitowoc   [08:25AM  Benzinga]
▶ Goldman Sachs Turns Cautious On Machinery Stocks   [Jul-17-18 04:07PM  Benzinga]
▶ Insider Buying: Community Health Systems And More   [Jun-27-18 09:02AM  Simply Wall St.]
▶ Bear of the Day: Manitowoc (MTW)   [06:48AM  Zacks]
▶ Icahn: Manitowoc stock sale was legit, had nothing to do with tariffs   [03:55PM  American City Business Journals]
▶ Manitowoc Could Be Biggest Tariffs Loser: JPM   [Mar-06-18 01:54PM  Investopedia]
▶ Ex-Trump adviser sells before steel tariff news hits stock   [Mar-03-18 03:47PM  Associated Press]
▶ Icahn cashes in on stock of steel-dependent company days before tariff   [Mar-02-18 04:35PM  American City Business Journals]
▶ Manitowoc shares jump 8% after company posts GAAP profit   [Feb-08-18 05:19PM  MarketWatch]
▶ Manitowoc Earnings Preview   [11:04AM  Benzinga]
▶ Carl Icahn: Once Cleaned Up, Xerox Should Be Acquired   [Dec-12-17 09:33AM  TheStreet.com]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.