Columbus McKinnon Corp (NASDAQ: CMCO). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its longer term price trend turned down, and negative upside/downside volume developed.
Minor negative changes in Columbus McKinnon Corp (NASDAQ: CMCO) fundamentals have recently occurred. Negative developments: the consensus estimate for March, 2024 decreased significantly, and the consensus estimate for March, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
CMCO’s future returns on capital are forecasted to exceed 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 highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Columbus McKinnon has a slightly positive Appreciation Score of 64 and a slightly positive Power Rating of 65, leading to the Positive Value Trend Rating.
Recent Price Action
Columbus McKinnon Corp (NASDAQ: CMCO) stock closed at $36.41 on 6/7/24 after a modest decline of -1.1%. Moreover, this decline was accompanied by unusually high trading volume at 154% of normal. The stock has declined -7.8% during the last week but has been strong relative to the market over the last nine months.
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