Based on ratings from 5 stock analysts, the Columbus McKinnon Corp-NY stock price is expected to increase by 23.39% in 12 months. This is calculated by using the average 12-month stock price forecast for Columbus McKinnon Corp-NY. The lowest target is $48 and the highest is $50. Please note analyst price targets are not guaranteed and could be missed completely.
About 5 Wall Street analysts have assigned CMCO 5 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Columbus McKinnon Corp-NY to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CMCO. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of CMCO.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
James Kirby JP Morgan | Overweight | $53 | Initiates | Jun 4, 2024 |
Matt Summerville DA Davidson | Buy | $50 | Maintains | Feb 5, 2024 |
Matt Summerville DA Davidson | Buy | $40 | Maintains | Oct 4, 2022 |
Christopher Howe Barrington Research | Outperform | $48 | Maintains | Jul 29, 2022 |
JP Morgan | Neutral | Downgrade | May 26, 2022 | |
Christopher Howe Barrington Research | Outperform | $57 | Maintains | May 26, 2022 |
JP Morgan | Overweight | Initiates | Dec 7, 2021 | |
Wells Fargo | Overweight | Initiates | May 3, 2021 | |
Joseph Mondillo Sidoti & Co. | Buy | $50 | Reiterates | Oct 7, 2020 |
DA Davidson | Neutral | Initiates | Jul 15, 2020 | |
Barrington Research | Outperform | Initiates | Dec 17, 2019 | |
Dougherty | Buy | Initiates | Aug 27, 2019 | |
Sidoti & Co. | Buy | $55 | Maintains | Aug 27, 2019 |
Dougherty & Co. | Buy | Initiates | Aug 27, 2019 | |
Seaport Global | Buy | Initiates | Jan 23, 2019 | |
Craig-Hallum | Buy | Initiates | May 14, 2018 | |
Seaport Global | Neutral | Downgrade | Jan 15, 2016 | |
Sidoti & Co. | Buy | Upgrade | Jul 28, 2015 | |
BB&T Capital | Buy | $28 | Maintains | Jun 1, 2015 |
Seaport Global | Accumulate | $28 | Upgrade | Oct 27, 2014 |
When did it IPO
1996
Staff Count
3,515
Country
United States
Sector/Industry
Industrials/Farm & Heavy Construction Machinery
CEO
Mr. David J. Wilson
Market Cap
$1.14B
In 2023, CMCO generated $936.2M in revenue, which was a increase of 3.27% from the previous year. This can be seen as a signal that CMCO's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Columbus McKinnon Corporation (Nasdaq: CMCO) will present at the Baird 2024 Global Industrials Conference on November 14, 2024, at 1:35 p.m.
Why It Matters - Columbus McKinnonโs participation in a major conference can signal growth strategies and investor engagement, potentially impacting stock performance and market perception.
Summary - Columbus McKinnon Corporation (NASDAQ:CMCO) will hold its Q2 2025 earnings conference call on October 30, 2024, at 10:00 AM ET, featuring key company executives and analysts.
Why It Matters - Columbus McKinnonโs Q2 earnings call provides insights into financial performance and future guidance, impacting stock valuations and investor sentiment.
Summary - Columbus McKinnon (CMCO) reported quarterly earnings of $0.70 per share, surpassing the Zacks Consensus Estimate of $0.69, but down from $0.76 per share year-over-year.
Why It Matters - Columbus McKinnon's earnings beat estimates but declined from the previous year, indicating potential concerns about future growth despite short-term success.
Summary - Columbus McKinnon (CMCO) reported Q2 FY2025 results: orders up 16%, net sales down 6% to $242.3M. GAAP EPS at ($0.52), adjusted EPS at $0.70. Debt repayment of $10M; $4.9M in share repurchases.
Why It Matters - Columbus McKinnonโs strong order growth and positive book-to-bill ratio signal robust demand, while net sales decline and losses highlight operational challenges. Investors may recalibrate expectations accordingly.
Summary - Columbus McKinnon Corporation (Nasdaq: CMCO) will pay a quarterly dividend of $0.07 per common share, as approved by its Board of Directors.
Why It Matters - Columbus McKinnon's quarterly dividend of $0.07 per share signals financial stability and a commitment to returning value to shareholders, potentially attracting income-focused investors.
Summary - Columbus McKinnon Corporation (Nasdaq: CMCO) will report its Q2 fiscal 2025 results on October 30, 2024, before market opening.
Why It Matters - Columbus McKinnonโs upcoming earnings release may impact stock performance, revealing financial health and growth potential, influencing investor sentiment and market trends.