Stock Rating Upgrade
The Value Trend Rating for Columbus McKinnon Corp (NASDAQ: CMCO) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Columbus McKinnon Corp (NASDAQ: CMCO) stock declined slightly by -0.6% on 3/18/24. The stock closed at $41.50. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -2.2% during the last week.
Current PriceTarget Research Rating
CMCO's future returns on capital are forecasted to be above 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). This VT Rating improved in recent days from C previously. With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing highly consistent signals. Columbus McKinnon has a slightly positive Appreciation Score of 61 and a slightly positive Power Rating of 68, producing the Positive Value Trend Rating.