Yahoo Finance Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
The Manitowoc Company, Inc. (MTW)
Incorporated in 1902, Manitowoc is a leading provider of engineered lifting solutions, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks. The company has three reportable segments, the Americas segment, EURAF segment, and MEAP segment.
MTW boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #1 (Strong Buy) rating. Its bottom-line is projected to rise 3.8% year-over-year for 2023, while Wall Street anticipates its top line to improve by 2.9%.
Five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.25 to $1.10 per share for 2023. MTW boasts an average earnings surprise of 256.3%.
The Manitowoc Company, Inc. is also cash rich. The company has generated cash flow growth of 27%, and is expected to report cash flow expansion of 30.3% in 2023.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, MTW should be on investors' short lists.
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The Manitowoc Company, Inc. (MTW) : Free Stock Analysis Report
