Columbus McKinnon Corp. (NASDAQ:CMCO) has been given a consensus rating of “Hold” by the ten ratings firms that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $38.50.
Several research firms recently weighed in on CMCO. Sidoti upgraded Columbus McKinnon from a “neutral” rating to a “buy” rating and lifted their target price for the company from $28.00 to $42.00 in a research report on Friday, July 31st. TheStreet raised Columbus McKinnon from a “c+” rating to a “b-” rating in a research report on Wednesday, July 22nd. DA Davidson initiated coverage on Columbus McKinnon in a research note on Wednesday, July 15th. They set a “neutral” rating and a $35.00 price objective for the company. Barrington Research raised their target price on shares of Columbus McKinnon from $38.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Finally, Zacks Investment Research lowered shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd.
A number of hedge funds and other institutional investors have recently bought and sold shares of CMCO. Franklin Resources Inc. grew its holdings in Columbus McKinnon by 46.4% during the 1st quarter. Franklin Resources Inc. now owns 834,508 shares of the industrial products company’s stock valued at $20,863,000 after buying an additional 264,372 shares in the last quarter. Invesco Ltd. increased its holdings in Columbus McKinnon by 773.1% in the 1st quarter. Invesco Ltd. now owns 255,610 shares of the industrial products company’s stock valued at $6,390,000 after acquiring an additional 226,334 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Columbus McKinnon by 455.4% in the 2nd quarter. Victory Capital Management Inc. now owns 266,052 shares of the industrial products company’s stock worth $8,900,000 after purchasing an additional 218,147 shares in the last quarter. FMR LLC lifted its stake in Columbus McKinnon by 35.8% in the 1st quarter. FMR LLC now owns 636,200 shares of the industrial products company’s stock worth $21,853,000 after purchasing an additional 167,700 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Columbus McKinnon by 120.2% in the second quarter. Bank of Montreal Can now owns 231,932 shares of the industrial products company’s stock worth $7,336,000 after buying an additional 126,590 shares in the last quarter. 97.09% of the stock is currently owned by institutional investors.
Shares of NASDAQ:CMCO traded up $0.59 during trading on Monday, hitting $32.65. The company’s stock had a trading volume of 481 shares, compared to its average volume of 73,207. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.45 and a quick ratio of 1.67. The firm has a market cap of $812.47 million, a price-to-earnings ratio of 16.76, a P/E/G ratio of 2.68 and a beta of 1.51. The company has a 50-day moving average of $35.86 and a 200-day moving average of $30.29. Columbus McKinnon has a 12 month low of $19.20 and a 12 month high of $42.33.
Columbus McKinnon (NASDAQ:CMCO) last announced its earnings results on Thursday, July 30th. The industrial products company reported $0.07 EPS for the quarter. The business had revenue of $139.07 million during the quarter, compared to analysts’ expectations of $135.09 million. Columbus McKinnon had a net margin of 5.18% and a return on equity of 10.35%. As a group, research analysts anticipate that Columbus McKinnon will post 1.05 earnings per share for the current year.
Columbus McKinnon Company Profile
Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys.
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