CMCO Should I Buy
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Columbus McKinnon Corp (CMCO) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's strong financial performance, recent acquisition with anticipated synergies, and positive growth trends outweigh the short-term technical weakness. The stock's potential for recovery and long-term growth aligns well with the investor's profile.
The stock's MACD is negative and expanding, indicating bearish momentum. RSI at 40.128 is neutral, showing no clear signal. However, moving averages are bullish (SMA_5 > SMA_20 > SMA_200), suggesting a longer-term upward trend. Key support is at 20.766, with resistance at 23.753. The stock is currently trading near its support level, which could present a buying opportunity.
The acquisition of Kito Crosby is expected to generate $70 million in annual cost synergies over three years.
Q3 financials show a 10.5% YoY revenue increase and a 51.46% YoY net income growth, indicating strong operational performance.
EPS increased by 50% YoY, reflecting profitability improvements.
The company withdrew standalone fiscal 2026 guidance, which may create uncertainty.
Gross margin dropped slightly by 1.07% YoY, indicating potential cost pressures.
The stock experienced a sharp regular market decline of -8.92%, which could signal short-term weakness.
In Q3 2026, Columbus McKinnon reported a 10.47% YoY revenue increase to $258.7 million, a 51.46% YoY net income growth to $5.998 million, and a 50% YoY EPS increase to $0.21. However, gross margin dropped slightly to 31.52%, down 1.07% YoY.
No recent analyst rating or price target changes were provided. However, the company's strong financial performance and acquisition synergies suggest a favorable long-term outlook.
