Barrington analyst Christopher Howe reiterated a Buy rating on Columbus Mckinnon (CMCO – Research Report) today and set a price target of $48.00. The company’s shares opened today at $29.13.
Howe covers the Industrial Goods sector, focusing on stocks such as Columbus Mckinnon, Standex International, and Commercial Vehicle Group. According to TipRanks, Howe has an average return of 9.3% and a 43.02% success rate on recommended stocks.
Columbus Mckinnon has an analyst consensus of Moderate Buy, with a price target consensus of $42.67.
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CMCO market cap is currently $839.7M and has a P/E ratio of 18.65.
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Columbus McKinnon Corp. engages in the designing, manufacturing, and marketing of material handling products and systems. Its products include hoists, chain and rigging tools, digital power control and delivery systems, actuators and rotary unions, industrial cranes, and elevator application drive systems which are distributed through STAHL, Herc-Alloy, Magnetek, Duff-Norton, Pfaff, and other brands. The company was founded in 1875 and is headquartered in Getzville, NY.
