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Investing.com - DA Davidson maintained its Neutral rating and $15.00 price target on Columbus McKinnon (NASDAQ:CMCO), currently trading at $14.04, following the company’s first-quarter fiscal 2026 results. According to InvestingPro analysis, the stock appears undervalued, with shares trading at just 0.43x book value.
The research firm trimmed its fiscal 2026 and 2027 estimates for Columbus McKinnon despite the company reiterating its guidance for fiscal 2026. The company, with a market capitalization of $399 million, maintains strong liquidity with a current ratio of 1.85x, though InvestingPro data shows three analysts have recently revised their earnings estimates downward.
DA Davidson noted that demand trends remain mixed across end markets and geographies, with project activity performing better than the company’s short-cycle business, though overall book-to-bill ratio was favorable at 1.1x. The company’s revenue reached $959 million in the last twelve months, despite challenging market conditions that have led to a nearly 60% decline in share price over the past six months.
The firm highlighted that Columbus McKinnon’s acquisition of Kito Crosby is still expected to close by the end of calendar year 2025, with all regulatory hurdles cleared except for HSR approval.
DA Davidson expressed concerns about the acquisition, specifically regarding post-deal leverage, complexity of the transaction, ownership structure, and what it described as "mixed overall execution."
In other recent news, Columbus McKinnon Corporation reported its first-quarter earnings for fiscal year 2026, revealing a better-than-expected performance. The company achieved an adjusted earnings per share (EPS) of $0.50, surpassing the forecast of $0.47. This positive earnings surprise highlights the company’s ability to exceed analyst expectations. However, despite the favorable earnings report, the company’s stock experienced a decline, reflecting broader investor concerns. There were no major mergers or acquisitions announced by Columbus McKinnon in this period. Additionally, there were no analyst upgrades or downgrades reported in the recent news. This information provides investors with insights into the company’s recent financial performance.
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