How to Buy Columbus Mckinnon Stock
Columbus Mckinnon Corp
Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide.
Columbus Mckinnon stock last closed at $40.67, up 1.02% from the previous day, and has increased 15.8% in one year. It has overperformed other stocks in the Farm & Heavy Construction Machinery industry by 0.01 percentage points. Columbus Mckinnon stock is currently +34.27% from its 52-week low of $30.29, and -9.56% from its 52-week high of $44.97.
At the moment, there are 28.76M CMCO shares outstanding. The market cap of CMCO is $1.17B. In the last 24 hours, 165,605 CMCO shares were traded.
How to Buy Columbus Mckinnon Stock
Wondering how to invest in Columbus Mckinnon stock? Here's how.
- Choose where to buy Columbus Mckinnon stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Columbus Mckinnon stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Pick your payment method and add your details.
- Evaluate Columbus Mckinnon stock: The Columbus Mckinnon ticker symbol is CMCO. Is Columbus Mckinnon stock a good investment? Should you buy shares of CMCO? How do CMCO's underlying business fundamentals look? Do top analysts think Columbus Mckinnon is a good buy? Why has CMCO's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if CMCO is a good stock to buy).
- Make your CMCO trade: Decide if you will purchase CMCO shares at the current market price or use a limit order to buy CMCO shares at a particular price.
- Track your investment in CMCO: Create a watchlist to the latest updates on your position in Columbus Mckinnon shares.
Step 1: Choose where to buy Columbus Mckinnon stock
You need an online brokerage account in order to access the NASDAQ market and buy CMCO shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to world financial markets: From Tech to Industrials, New York to London — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro boasts a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal info so you can invest in CMCO today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start your new trading account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have filled out your info on one of the best stock trading apps, you need to deposit funds:
Watch the walkthrough below to see the process of depositing money into your investment account.
Step 4: Evaluate Columbus Mckinnon stock
Once you have figured out the best place to buy Columbus Mckinnon stock, it's critical to analyze their stock before you invest, so you truly comprehend the risk and opportunity.
Columbus Mckinnon Numbers
Fundamentals of Columbus Mckinnon
WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis.
You can view all of the due diligence checks on CMCO's stock page.
Is CMCO stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge CMCO's true value.
Using relative valuations metrics:
- CMCO may be overvalued based on its P/E ratio of 24.07x, relative to Farm & Heavy Construction Machinery industry P/E ratio of 14.29x
- CMCO may be undervalued based on its P/B ratio of 1.33x, relative to Farm & Heavy Construction Machinery industry P/B ratio of 4.9x
- CMCO may be overvalued based on its PEG ratio of 7.18x
You can access additional valuation analysis on CMCO's stock here.
Is CMCO a healthy company?
Signs that CMCO is financially healthy:
- Total CMCO debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the CMCO balance sheet.
Signs that CMCO is not financially healthy:
- CMCO has a relatively high debt to equity ratio of 1.11.
- CMCO earnings of $105.07M is not sufficient to cover its interest payments.
- CMCO's operating cash flow of $95.33M allows it to safely service it's debt of $550.04M.
- CMCO profit margin has gone down from 5% to 4.9% in the past year.
- There are more long-term liabilities than short-term assets on the CMCO balance sheet.
Is it a good time to buy Columbus Mckinnon stock, according to Wall Street analysts?
Out of 1 Wall Street analysts who give ratings on CMCO, the consensus analyst rating on CMCO is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Columbus Mckinnon stock forecast page.
CMCO Technical Indicators
CMCO Growth Metrics
Last year, CMCO earnings were $48.71M. In the past five year, CMCO's earnings have grown by 4.59% per year. This was slower than the Farm & Heavy Construction Machinery industry average of 19.09%.
Last year, CMCO revenue was $1.00B. Over the last 5 year, CMCO's revenue has increased by 2.78% per year. This was slower than the Farm & Heavy Construction Machinery industry average of 6.46%.
Learn more about CMCO's earnings and revenue performance here.
Are CMCO insiders buying or selling the stock?
Over the past year, insiders at CMCO have bought more shares than they have sold.
Gregory P. Rustowicz, Executive VP Finance CFO of CMCO, was the latest CMCO insider to sell. They sold $392,063.84 worth of CMCO stock on Feb 8, 2024.
Dig into more about who owns CMCO stock here.
Does CMCO provide a stable income stream?
Columbus Mckinnon pays a dividend of 0.69%, compared to the Farm & Heavy Construction Machinery industry's average dividend yield of 2.78%. If you owned $1,000 worth of CMCO stock, you would have received $6.88 in the past year.
Columbus Mckinnon dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Columbus Mckinnon dividend yield and history here.
What others are saying about CMCO
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your CMCO trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, use a limit order.
Click the Open button and your broker will execute the order.
If you need more help with investing in stocks on eToro, watch the how to video below:
Step 6: Track your investment in CMCO
Now that you own some CMCO shares, you'll want to stay up-to-date on your new investment.
Put CMCO on a watchlist to get notified of important updates regarding your CMCO stock.
CMCO Feed
How to Buy Stock in Columbus Mckinnon
To reiterate, here are the 6 steps to buy stock in Columbus Mckinnon:
- Choose where to buy Columbus Mckinnon stock
- Create your brokerage account
- Deposit money your brokerage account
- Evaluate Columbus Mckinnon stock
- Make your CMCO trade
- Track your investment in CMCO
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to track your investment in Columbus Mckinnon, create a watchlist on WallStreetZen today.
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