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Is Columbus McKinnon (CMCO) Stock Outpacing Its Industrial Products Peers This Year?
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Columbus McKinnon (CMCO - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Columbus McKinnon is a member of the Industrial Products sector. This group includes 188 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Columbus McKinnon is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CMCO's full-year earnings has moved 3.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CMCO has returned 14% so far this year. In comparison, Industrial Products companies have returned an average of 10%. This means that Columbus McKinnon is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Graham (GHM - Free Report) . The stock has returned 38% year-to-date.
Over the past three months, Graham's consensus EPS estimate for the current year has increased 2.8%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Columbus McKinnon belongs to the Manufacturing - Material Handling industry, a group that includes 2 individual companies and currently sits at #31 in the Zacks Industry Rank. This group has gained an average of 14% so far this year, so CMCO is performing on par in this area.
On the other hand, Graham belongs to the Manufacturing - General Industrial industry. This 43-stock industry is currently ranked #142. The industry has moved +6.4% year to date.
Investors with an interest in Industrial Products stocks should continue to track Columbus McKinnon and Graham. These stocks will be looking to continue their solid performance.
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Is Columbus McKinnon (CMCO) Stock Outpacing Its Industrial Products Peers This Year?
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Columbus McKinnon (CMCO - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Columbus McKinnon is a member of the Industrial Products sector. This group includes 188 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Columbus McKinnon is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CMCO's full-year earnings has moved 3.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CMCO has returned 14% so far this year. In comparison, Industrial Products companies have returned an average of 10%. This means that Columbus McKinnon is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Graham (GHM - Free Report) . The stock has returned 38% year-to-date.
Over the past three months, Graham's consensus EPS estimate for the current year has increased 2.8%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Columbus McKinnon belongs to the Manufacturing - Material Handling industry, a group that includes 2 individual companies and currently sits at #31 in the Zacks Industry Rank. This group has gained an average of 14% so far this year, so CMCO is performing on par in this area.
On the other hand, Graham belongs to the Manufacturing - General Industrial industry. This 43-stock industry is currently ranked #142. The industry has moved +6.4% year to date.
Investors with an interest in Industrial Products stocks should continue to track Columbus McKinnon and Graham. These stocks will be looking to continue their solid performance.