Barrington analyst Christopher Howe reiterated a Buy rating on Columbus Mckinnon (CMCO – Research Report) today and set a price target of $66.00. The company’s shares closed last Friday at $42.47, close to its 52-week low of $41.01.
According to TipRanks.com, Howe is a 5-star analyst with an average return of 17.6% and a 49.1% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Standex International, and Hillenbrand.
Columbus Mckinnon has an analyst consensus of Strong Buy, with a price target consensus of $65.67.
Columbus Mckinnon’s market cap is currently $1.21B and has a P/E ratio of 42.75.
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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.
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