Colliers Securities analyst Michael Shlisky maintained a Buy rating on Columbus Mckinnon (NASDAQ:CMCO) Corp. on Thursday, setting a price target of $62, which is approximately 19.35% above the present share price of $51.95.
Shlisky expects Columbus Mckinnon Corp. to post earnings per share (EPS) of $0.28 for the second quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Columbus Mckinnon, with an average price target of $61.6.
The analysts price targets range from a high of $67 to a low of $55.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $166.55 million and a net profit of $10.45 million. The company's market cap is $1.25 billion.
According to TipRanks.com, Colliers Securities analyst Michael Shlisky is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 23.7% and a 48.54% success rate.
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.