Analysts Set $8.83 Price Target for Manitex International, Inc. (NASDAQ:MNTX)

Manitex International, Inc. (NASDAQ:MNTX) has been given a consensus broker rating score of 1.33 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and two have assigned a strong buy rating to the company.

Brokerages have set a one year consensus target price of $8.83 for the company and are predicting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given Manitex International an industry rank of 224 out of 265 based on the ratings given to related companies.

A number of brokerages have recently weighed in on MNTX. Zacks Investment Research upgraded Manitex International from a “sell” rating to a “hold” rating in a research note on Tuesday, November 10th. Roth Capital boosted their target price on Manitex International from $8.00 to $8.50 and gave the stock a “buy” rating in a research note on Friday, November 6th.

Manitex International (NASDAQ:MNTX) opened at 5.95 on Monday. The firm’s 50-day moving average price is $6.12 and its 200-day moving average price is $6.54. The company has a market cap of $95.28 million and a price-to-earnings ratio of 156.58. Manitex International has a 1-year low of $5.12 and a 1-year high of $12.98.

Manitex International (NASDAQ:MNTX) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.04. The business earned $96.70 million during the quarter, compared to analysts’ expectations of $109.07 million. During the same period in the prior year, the company earned $0.13 earnings per share. The business’s quarterly revenue was up 46.1% on a year-over-year basis. Equities research analysts forecast that Manitex International will post $0.15 EPS for the current fiscal year.

12 Month Chart for NASDAQ:MNTX

Manitex International, Inc. is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the ASV segment and the Equipment Distribution segment. In the Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve different functions and are used in a range of industries. In the ASV segment, the Company manufactures a line of compact rubber tracked and skid steer loaders. In the Equipment Distribution segment, the Company markets products used primarily for infrastructure development and commercial construction applications that include road and bridge construction, general contracting, roofing, scrap handling and sign construction and maintenance.

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