Columbus McKinnon (CMCO) Receiving Somewhat Positive News Coverage, Report Shows

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:

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.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $212.80 million for the quarter, compared to analyst estimates of $203.27 million. Columbus McKinnon had a net margin of 2.65% and a return on equity of 10.95%. The company’s revenue was up 40.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. equities analysts expect that Columbus McKinnon will post 1.95 earnings per share for the current year.

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.

TRADEMARK VIOLATION WARNING: “Columbus McKinnon (CMCO) Receiving Somewhat Positive News Coverage, Report Shows” was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.com-unik.info/2018/01/12/columbus-mckinnon-cmco-receiving-somewhat-positive-news-coverage-report-shows.html.

About Columbus McKinnon

Insider Buying and Selling by Quarter for Columbus McKinnon (NASDAQ:CMCO)

What are top analysts saying about Columbus McKinnon? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Columbus McKinnon and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit