Extremely significant positive changes in Columbus McKinnon Corp (NASDAQ: CMCO) investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful positive changes in Columbus McKinnon Corp (NASDAQ: CMCO) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CMCO’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Columbus McKinnon has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Columbus McKinnon has a slightly positive Appreciation Score of 60 and a good Power Rating of 72, leading to the Positive Value Trend Rating.
Recent Price Action
Columbus McKinnon Corp (NASDAQ: CMCO) stock rose modestly by 0.8% on 4/9/24. The stock closed at $42.66. However, unusually low trading volume at 57% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -1.0% during the last week.
Be the first to comment