Last Updated: 14 Nov 2024
Executive Summary
Manitex International Inc. (MNTX) is a leading provider of designed lifting solutions. The company has a strong financial position with a market capitalization of $117.49 million, EBITDA of $31.18 million, and a trailing PE ratio of 10.87. The company's latest stock price is $5.76, which is near the middle of its 52-week range of $3.07 to $9.16.
Company Overview
Manitex International is headquartered in Bridgeview, Illinois and has operations in the United States, Italy, Canada, France, Chile, and internationally. The company offers a wide range of lifting solutions, including cranes, boom trucks, and aerial work platforms. Manitex's products are used in a variety of industries, including construction, manufacturing, and transportation.
Fundamental Analysis
Manitex International has a strong financial position. The company's revenue has grown steadily over the past five years, and its profitability has improved significantly. In 2023, the company reported revenue of $294.78 million and EBITDA of $31.18 million. Manitex's trailing PE ratio of 10.87 is attractive compared to the industry average of 15.23.
Technical Analysis
Manitex International's stock price has been trending sideways over the past year. The stock is currently trading near its 50-day moving average of $5.48 and its 200-day moving average of $5.62. The stock's relative strength index (RSI) is 52.74, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
Manitex International's stock price is likely to continue to trade sideways in the short term. The stock's technical indicators are neutral, and the company's fundamentals are strong. However, the overall market sentiment is negative, which could weigh on the stock price.
Long Term Outlook
Manitex International's long-term outlook is positive. The company's strong financial position and its growing product portfolio position it well for future growth. The company's focus on innovation and its commitment to customer service are also positive signs for the future.
Analyst Recommendations
Analysts are generally positive on Manitex International. One analyst has a buy rating on the stock, while another analyst has a hold rating. The average analyst target price is $5.80, which represents a potential upside of 0.7% from the current price.
