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Surging Rank, Surging Stock; Why The Manitowoc (MTW) is a Winner
February 21, 2014

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One company that should be on your radar is The Manitowoc Company, Inc. (MTW - Free Report) . The stock of this Machinery Construction industry has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For MTW’s full year estimate, we have seen 10 estimates go higher in the past 30 days while no downward estimate revision was observed in the same time period. This trend has helped the consensus estimate to trend higher, increasing from $1.46 a share a month ago to its current level at $1.65 a share.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, MTW has seen some pretty solid trading lately, as the company has moved higher by 13.8% in the past month.
If The Manitowoc can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put MTW on your watch list for the future.
Other top-ranked stocks worth considering in the Machinery sector include Joy Global, Inc. , Graco Inc. (GGG - Free Report) and EnerSys (ENS - Free Report) . All these stocks carry a Zacks Rank #2 (Buy).
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