Columbus McKinnon Corporation (NASDAQ:CMCO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Columbus McKinnon Corporation (NASDAQ:CMCO) have earned a consensus rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.00.

A number of brokerages have commented on CMCO. Zacks Research upgraded Columbus McKinnon from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Weiss Ratings downgraded Columbus McKinnon from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. DA Davidson reduced their price objective on Columbus McKinnon from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, June 15th. Finally, Wall Street Zen downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th.

Institutional Investors Weigh In On Columbus McKinnon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Columbus McKinnon by 48.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,741 shares of the industrial products company’s stock valued at $30,000 after buying an additional 565 shares in the last quarter. Group One Trading LLC raised its stake in Columbus McKinnon by 266.7% during the 3rd quarter. Group One Trading LLC now owns 2,200 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,600 shares during the period. Wilmington Savings Fund Society FSB raised its stake in Columbus McKinnon by 66.7% during 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 purchasing an additional 1,000 shares during the period. Tower Research Capital LLC TRC raised its stake in Columbus McKinnon by 267.8% during 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 purchasing an additional 1,893 shares during the period. Finally, Royal Bank of Canada raised its stake in Columbus McKinnon by 41.4% during the 4th quarter. Royal Bank of Canada now owns 3,136 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 918 shares during the period. Institutional investors own 95.96% of the company’s stock.

Columbus McKinnon Stock Down 1.0%

NASDAQ:CMCO opened at $14.55 on Tuesday. The company has a market capitalization of $419.48 million, a price-to-earnings ratio of -2.66 and a beta of 1.38. Columbus McKinnon has a one year low of $11.99 and a one year high of $24.40. The stock has a 50-day simple moving average of $14.99 and a 200 day simple moving average of $16.99. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.98 and a current ratio of 2.02.

Columbus McKinnon (NASDAQ:CMCO) last issued its earnings results 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). Columbus McKinnon had a negative net margin of 19.23% and a positive return on equity of 7.09%. The company had revenue of $437.83 million during the quarter, compared to analyst estimates of $419.57 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was up 77.3% on a year-over-year basis. Columbus McKinnon has set its FY 2027 guidance at 1.700-1.900 EPS. Sell-side analysts predict that Columbus McKinnon will post 1.73 EPS for the current fiscal year.

Columbus McKinnon Company Profile

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.