Alert: Major Price Advance (5/30/18)-Columbus McKinnon Corporation (NASDAQ: CMCO).


Columbus McKinnon Corp (NASDAQ: CMCO)



Major Price Advance

Columbus McKinnon Corporation (NASDAQ: CMCO) stock enjoyed a significant increase on 5/30/18. The shares rose 10.2%, closing at $41.75. Moreover, trading volume was exceptionally high at 258% of normal. The stock has performed in line with the market over the last nine months and has risen 8.1% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, CMCO is expected to continue to be a major Value Builder.

Columbus McKinnon has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Columbus McKinnon has a neutral Power Rating of 55 but a good Appreciation Score of 74, producing the Positive Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

About John Lafferty 122561 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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