DA Davidson Reiterates Neutral Rating for Columbus McKinnon (NASDAQ:CMCO)

Columbus McKinnon (NASDAQ:CMCOGet Free Report)‘s stock had its “neutral” rating restated by research analysts at DA Davidson in a research note issued to investors on Friday,Benzinga reports. They currently have a $20.00 price target on the industrial products company’s stock. DA Davidson’s price objective indicates a potential upside of 44.10% from the stock’s current price.

A number of other analysts have also commented on the company. Zacks Research lowered Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Wall Street Zen cut Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 22nd. Weiss Ratings cut Columbus McKinnon from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. reduced their target price on Columbus McKinnon from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $23.50.

Check Out Our Latest Stock Report on CMCO

Columbus McKinnon Trading Down 1.4%

CMCO stock traded down $0.20 during midday trading on Friday, reaching $13.88. The stock had a trading volume of 233,397 shares, compared to its average volume of 430,759. The business has a fifty day simple moving average of $15.16 and a two-hundred day simple moving average of $17.15. The company has a quick ratio of 0.99, a current ratio of 1.83 and a debt-to-equity ratio of 0.43. The firm has a market cap of $398.88 million, a price-to-earnings ratio of 66.31 and a beta of 1.38. Columbus McKinnon has a twelve month low of $13.01 and a twelve month high of $24.40.

Columbus McKinnon (NASDAQ:CMCOGet Free Report) last announced its quarterly earnings data on Thursday, June 4th. The industrial products company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.12). The firm had revenue of $437.83 million during the quarter, compared to analyst estimates of $419.57 million. Columbus McKinnon had a return on equity of 7.41% and a net margin of 0.60%.Columbus McKinnon’s revenue for the quarter was up 77.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Columbus McKinnon has set its FY 2027 guidance at 1.700-1.900 EPS. As a group, research analysts expect that Columbus McKinnon will post 1.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Columbus McKinnon

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in Columbus McKinnon by 48.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,741 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 565 shares in the last quarter. Group One Trading LLC lifted its stake in Columbus McKinnon by 266.7% in the 3rd quarter. Group One Trading LLC now owns 2,200 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 1,600 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its stake in Columbus McKinnon by 66.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,500 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Columbus McKinnon by 267.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 1,893 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Columbus McKinnon by 41.4% in the 4th quarter. Royal Bank of Canada now owns 3,136 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 918 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Key Headlines Impacting Columbus McKinnon

Here are the key news stories impacting Columbus McKinnon this week:

About Columbus McKinnon

(Get Free Report)

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.

Further Reading

Analyst Recommendations for Columbus McKinnon (NASDAQ:CMCO)

Receive News & Ratings for Columbus McKinnon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbus McKinnon and related companies with MarketBeat.com's FREE daily email newsletter.