Columbus McKinnon (NASDAQ:CMCO) had its target price raised by Roth Capital from $41.00 to $50.00 in a report released on Monday. The firm presently has a “buy” rating on the industrial products company’s stock. Roth Capital’s target price would indicate a potential upside of 16.52% from the company’s previous close.

Several other research firms have also recently issued reports on CMCO. Seaport Global Securities reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Columbus McKinnon in a research report on Wednesday, January 10th. Zacks Investment Research lowered shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. BidaskClub upgraded shares of Columbus McKinnon from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Finally, ValuEngine upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Columbus McKinnon currently has an average rating of “Buy” and a consensus target price of $44.25.

Columbus McKinnon (NASDAQ:CMCO) opened at $42.91 on Monday. The stock has a market capitalization of $986.86, a P/E ratio of 50.48 and a beta of 1.91. Columbus McKinnon has a 12-month low of $22.88 and a 12-month high of $43.69. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.96 and a quick ratio of 1.18.

Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The business had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $203.27 million. Columbus McKinnon had a return on equity of 10.95% and a net margin of 2.65%. The firm’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. equities analysts anticipate that Columbus McKinnon will post 1.95 earnings per share for the current fiscal year.

In other Columbus McKinnon news, VP Alan S. Korman sold 1,558 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $40.10, for a total transaction of $62,475.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gene P. Buer sold 30,529 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $38.00, for a total transaction of $1,160,102.00. Following the sale, the vice president now owns 17,136 shares of the company’s stock, valued at $651,168. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,754 shares of company stock valued at $1,408,020. Company insiders own 3.91% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. increased its stake in shares of Columbus McKinnon by 2.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 123,828 shares of the industrial products company’s stock worth $3,148,000 after purchasing an additional 2,900 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Columbus McKinnon by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 239,445 shares of the industrial products company’s stock worth $6,088,000 after purchasing an additional 17,801 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Columbus McKinnon by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 23,141 shares of the industrial products company’s stock worth $588,000 after purchasing an additional 612 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Columbus McKinnon by 14.9% in the 2nd quarter. Principal Financial Group Inc. now owns 298,220 shares of the industrial products company’s stock worth $7,581,000 after purchasing an additional 38,627 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Columbus McKinnon by 48.3% in the 2nd quarter. Alliancebernstein L.P. now owns 12,900 shares of the industrial products company’s stock worth $328,000 after purchasing an additional 4,200 shares in the last quarter. Institutional investors and hedge funds own 85.08% of the company’s stock.

WARNING: “Columbus McKinnon (CMCO) Price Target Raised to $50.00” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.dailypolitical.com/2018/01/15/columbus-mckinnon-cmco-price-target-raised-to-50-00.html.

About Columbus McKinnon

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.