A share price of Columbus Mckinnon Corp [CMCO] is currently trading at $33.63, up 7.03%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CMCO shares have gain 4.31% over the last week, with a monthly amount drifted -4.38%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Columbus Mckinnon Corp [NASDAQ: CMCO] stock has seen the most recent analyst activity on June 04, 2024, when JP Morgan initiated its Overweight rating and assigned the stock a price target of $53. Previously, JP Morgan downgraded its rating to Neutral on May 26, 2022, and kept the price target unchanged to $37. On May 25, 2022, downgrade downgraded it’s rating to Hold and revised its price target to $35 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $64 on December 07, 2021. Wells Fargo initiated its recommendation with a Overweight and recommended $70 as its price target on May 03, 2021. DA Davidson upgraded its rating to Buy for this stock on February 26, 2021, and upped its price target to $60. In a note dated July 31, 2020, Sidoti upgraded an Buy rating on this stock and boosted its target price from $28 to $42.
Columbus Mckinnon Corp experienced fluctuations in its stock price throughout the past year between $29.26 and $45.84. Currently, Wall Street analysts expect the stock to reach $49 within the next 12 months. Columbus Mckinnon Corp [NASDAQ: CMCO] shares were valued at $33.63 at the most recent close of the market. An investor can expect a potential return of 45.7% based on the average CMCO price forecast.
Analyzing the CMCO fundamentals
Trailing Twelve Months sales for Columbus Mckinnon Corp [NASDAQ:CMCO] were 1.00B which represents -6.24% decline. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.39 points at the first support level, and at 31.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.35, and for the 2nd resistance point, it is at 35.06.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Columbus Mckinnon Corp [NASDAQ:CMCO] is 2.04. As well, the Quick Ratio is 1.16, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 1.08 and price to earnings (TTM) ratio is 65.16.
Transactions by insiders
Recent insider trading involved Wilson David J., President & CEO, that happened on Nov 01 ’24 when 31300.0 shares were purchased. Director, STEPHENS CHRISTOPHER J completed a deal on May 31 ’24 to buy 1500.0 shares. Meanwhile, Sr. VP Information Services Paradowski Mark R bought 4.0 shares on May 09 ’24.
