Fintel reports that on June 4, 2024, JP Morgan initiated coverage of Columbus McKinnon (NasdaqGS:CMCO) with a Overweight recommendation.
Analyst Price Forecast Suggests 35.00% Upside
As of June 1, 2024, the average one-year price target for Columbus McKinnon is 50.24. The forecasts range from a low of 48.48 to a high of $52.50. The average price target represents an increase of 35.00% from its latest reported closing price of 37.21.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Columbus McKinnon is 962MM, a decrease of 5.10%. The projected annual non-GAAP EPS is 3.16.
What is the Fund Sentiment?
There are 438 funds or institutions reporting positions in Columbus McKinnon. This is an increase of 20 owner(s) or 4.78% in the last quarter. Average portfolio weight of all funds dedicated to CMCO is 0.20%, an increase of 13.53%. Total shares owned by institutions increased in the last three months by 0.11% to 35,990K shares. 
The put/call ratio of CMCO is 0.26, indicating a bullish outlook.
What are Other Shareholders Doing?
Franklin Resources holds 2,870K shares representing 9.95% ownership of the company. In its prior filing, the firm reported owning 2,446K shares , representing an increase of 14.77%. The firm decreased its portfolio allocation in CMCO by 84.28% over the last quarter.
FRVLX - Franklin Small Cap Value Fund holds 1,664K shares representing 5.77% ownership of the company. No change in the last quarter.
Macquarie Group holds 1,579K shares representing 5.48% ownership of the company. In its prior filing, the firm reported owning 1,622K shares , representing a decrease of 2.72%. The firm decreased its portfolio allocation in CMCO by 6.43% over the last quarter.
DCCAX - Delaware Small Cap Core Fund holds 1,319K shares representing 4.57% ownership of the company. In its prior filing, the firm reported owning 1,324K shares , representing a decrease of 0.41%. The firm increased its portfolio allocation in CMCO by 10.15% over the last quarter.
GW&K Investment Management holds 1,267K shares representing 4.39% ownership of the company. In its prior filing, the firm reported owning 995K shares , representing an increase of 21.49%. The firm decreased its portfolio allocation in CMCO by 10.83% over the last quarter.
Columbus Mckinnon Background Information
(This description is provided by the company.)
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of motion control products and technologies, automated systems and services that efficiently and ergonomically move, lift, position and secure materials. Key products include hoists, crane components, actuators, rigging tools, light rail workstations and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Magnetek is a brand of Columbus McKinnon Corporation.
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