Brokerages Set Colfax Corporation (CFX) Target Price at $46.63

Colfax Corporation (NYSE:CFX) has earned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $46.00.

CFX has been the topic of a number of research reports. Seaport Global Securities restated a “buy” rating on shares of Colfax Corporation in a research report on Wednesday, June 14th. BidaskClub upgraded Colfax Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research lowered Colfax Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Wolfe Research initiated coverage on Colfax Corporation in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, Cowen and Company restated an “outperform” rating and set a $50.00 price objective (up previously from $45.00) on shares of Colfax Corporation in a research report on Friday, July 14th.

Colfax Corporation (NYSE:CFX) traded down 1.25% during trading on Friday, reaching $41.82. The company had a trading volume of 374,933 shares. Colfax Corporation has a 12-month low of $28.47 and a 12-month high of $42.93. The firm’s 50 day moving average price is $40.85 and its 200 day moving average price is $40.10. The firm has a market capitalization of $5.15 billion, a PE ratio of 32.90 and a beta of 1.32.

Colfax Corporation (NYSE:CFX) last issued its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $965.83 million for the quarter, compared to analyst estimates of $940.31 million. Colfax Corporation had a return on equity of 6.30% and a net margin of 4.35%. Colfax Corporation’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. Analysts anticipate that Colfax Corporation will post $1.72 earnings per share for the current year.

In related news, SVP Stephen Wittig sold 29,189 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $39.30, for a total transaction of $1,147,127.70. Following the sale, the senior vice president now owns 15,479 shares in the company, valued at approximately $608,324.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel A. Pryor sold 3,574 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $41.13, for a total value of $146,998.62. Following the sale, the executive vice president now owns 40,224 shares in the company, valued at approximately $1,654,413.12. The disclosure for this sale can be found here. Insiders sold a total of 33,202 shares of company stock worth $1,312,182 in the last quarter. Corporate insiders own 10.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in CFX. Bronfman E.L. Rothschild L.P. boosted its position in shares of Colfax Corporation by 4,167.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 2,542 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Colfax Corporation during the 2nd quarter valued at about $118,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Colfax Corporation by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 323 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Colfax Corporation by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 251 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in shares of Colfax Corporation during the 1st quarter valued at about $214,000. Institutional investors own 75.22% of the company’s stock.

WARNING: “Brokerages Set Colfax Corporation (CFX) Target Price at $46.63” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/10/brokerages-set-colfax-corporation-cfx-target-price-at-46-63.html.

About Colfax Corporation

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company&

CFX has been the topic of a number of research reports. Seaport Global Securities restated a “buy” rating on shares of Colfax Corporation in a research report on Wednesday, June 14th. BidaskClub upgraded Colfax Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research lowered Colfax Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Wolfe Research initiated coverage on Colfax Corporation in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, Cowen and Company restated an “outperform” rating and set a $50.00 price objective (up previously from $45.00) on shares of Colfax Corporation in a research report on Friday, July 14th.

Colfax Corporation (NYSE:CFX) traded down 1.25% during trading on Friday, reaching $41.82. The company had a trading volume of 374,933 shares. Colfax Corporation has a 12-month low of $28.47 and a 12-month high of $42.93. The firm’s 50 day moving average price is $40.85 and its 200 day moving average price is $40.10. The firm has a market capitalization of $5.15 billion, a PE ratio of 32.90 and a beta of 1.32.

Colfax Corporation (NYSE:CFX) last issued its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $965.83 million for the quarter, compared to analyst estimates of $940.31 million. Colfax Corporation had a return on equity of 6.30% and a net margin of 4.35%. Colfax Corporation’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. Analysts anticipate that Colfax Corporation will post $1.72 earnings per share for the current year.

In related news, SVP Stephen Wittig sold 29,189 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $39.30, for a total transaction of $1,147,127.70. Following the sale, the senior vice president now owns 15,479 shares in the company, valued at approximately $608,324.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel A. Pryor sold 3,574 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $41.13, for a total value of $146,998.62. Following the sale, the executive vice president now owns 40,224 shares in the company, valued at approximately $1,654,413.12. The disclosure for this sale can be found here. Insiders sold a total of 33,202 shares of company stock worth $1,312,182 in the last quarter. Corporate insiders own 10.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in CFX. Bronfman E.L. Rothschild L.P. boosted its position in shares of Colfax Corporation by 4,167.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 2,542 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Colfax Corporation during the 2nd quarter valued at about $118,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Colfax Corporation by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 323 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Colfax Corporation by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 251 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in shares of Colfax Corporation during the 1st quarter valued at about $214,000. Institutional investors own 75.22% of the company’s stock.

WARNING: “Brokerages Set Colfax Corporation (CFX) Target Price at $46.63” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/10/brokerages-set-colfax-corporation-cfx-target-price-at-46-63.html.

About Colfax Corporation

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.

Analyst Recommendations for Colfax Corporation (NYSE:CFX)

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