Headlines about Columbus McKinnon (NASDAQ:CMCO) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Columbus McKinnon earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.0529759057479 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Columbus McKinnon Corporation (CMCO) VP Sells $18,890.00 in Stock (americanbankingnews.com)
- Zacks: Analysts Expect Columbus McKinnon Corporation (CMCO) Will Announce Earnings of $0.31 Per Share (americanbankingnews.com)
- Seaport Global Securities Reiterates Buy Rating for Columbus McKinnon (CMCO) (americanbankingnews.com)
- Columbus McKinnon Presents Strategic Plan “Blueprint 2021: Raising Expectations” (markets.businessinsider.com)
- Columbus McKinnon Presents Strategic Plan “Blueprint 2021: Raising Expectations” (finance.yahoo.com)
Shares of Columbus McKinnon (NASDAQ:CMCO) opened at $43.00 on Friday. The stock has a market cap of $988.93, a price-to-earnings ratio of 50.59 and a beta of 1.91. Columbus McKinnon has a twelve month low of $22.88 and a twelve month high of $43.69. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.96 and a quick ratio of 1.18.
A number of equities research analysts have issued reports on the stock. Roth Capital raised their price target on shares of Columbus McKinnon from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. BidaskClub raised shares of Columbus McKinnon from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research lowered shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Seaport Global Securities reissued a “buy” rating and issued a $50.00 price target on shares of Columbus McKinnon in a report on Wednesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $42.00.
In other news, VP Alan S. Korman sold 1,558 shares of Columbus McKinnon stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $40.10, for a total transaction of $62,475.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mark R. Paradowski sold 3,906 shares of Columbus McKinnon stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $39.96, for a total transaction of $156,083.76. The disclosure for this sale can be found here. In the last three months, insiders sold 36,754 shares of company stock worth $1,408,020. Insiders own 3.91% of the company’s stock.
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