Colfax Corporation (CFX) Receives “Buy” Rating from Stifel Nicolaus

Colfax Corporation (NYSE:CFX)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a note issued to investors on Tuesday. They currently have a $50.00 target price on the industrial products company’s stock. Stifel Nicolaus’ target price points to a potential upside of 16.85% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Colfax Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Monday, October 9th. Citigroup Inc. reiterated a “sell” rating and set a $40.00 target price (up previously from $39.00) on shares of Colfax Corporation in a research note on Monday, October 9th. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 target price on shares of Colfax Corporation in a research note on Wednesday, September 27th. KeyCorp reiterated a “buy” rating and set a $46.00 target price on shares of Colfax Corporation in a research note on Tuesday, September 26th. Finally, Cowen and Company reiterated a “buy” rating and set a $50.00 target price on shares of Colfax Corporation in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Colfax Corporation presently has a consensus rating of “Hold” and an average target price of $46.50.

Colfax Corporation (NYSE:CFX) opened at 42.79 on Tuesday. The firm’s 50-day moving average is $41.26 and its 200 day moving average is $40.18. The stock has a market capitalization of $5.26 billion, a P/E ratio of 33.69 and a beta of 1.32. Colfax Corporation has a 12 month low of $28.83 and a 12 month high of $43.01.

Colfax Corporation (NYSE:CFX) last posted its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $965.83 million for the quarter, compared to analysts’ expectations of $940.31 million. Colfax Corporation had a net margin of 4.35% and a return on equity of 6.30%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. On average, equities analysts anticipate that Colfax Corporation will post $1.72 earnings per share for the current year.

WARNING: This report was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/17/colfax-corporation-cfx-receives-buy-rating-from-stifel-nicolaus.html.

In other news, SVP Stephen Wittig sold 29,189 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $39.30, for a total transaction of $1,147,127.70. Following the completion of the transaction, the senior vice president now owns 15,479 shares in the company, valued at $608,324.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel A. Pryor sold 3,574 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $41.13, for a total transaction of $146,998.62. Following the transaction, the executive vice president now owns 40,224 shares of the company’s stock, valued at approximately $1,654,413.12. The disclosure for this sale can be found here. Insiders have sold 33,202 shares of company stock valued at $1,312,182 in the last 90 days. Insiders own 10.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Paloma Partners Management Co bought a new position in shares of Colfax Corporation during the first quarter worth about $392,000. Principal Financial Group Inc. grew its position in shares of Colfax Corporation by 1.1% during the second quarter. Principal Financial Group Inc. now owns 8,956,040 shares of the industrial products company’s stock worth $352,600,000 after acquiring an additional 95,361 shares during the last quarter. Front Street Capital Management Inc. grew its position in shares of Colfax Corporation by 66.2% during the second quarter. Front Street Capital Management Inc. now owns 142,205 shares of the industrial products company’s stock worth $5,599,000 after acquiring an additional 56,620 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Colfax Corporation by 1,233.6% during the first quarter. Point72 Asset Management L.P. now owns 904,200 shares of the industrial products company’s stock worth $35,499,000 after acquiring an additional 836,400 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new position in shares of Colfax Corporation during the second quarter worth about $1,154,000. Institutional investors and hedge

Several other analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Colfax Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Monday, October 9th. Citigroup Inc. reiterated a “sell” rating and set a $40.00 target price (up previously from $39.00) on shares of Colfax Corporation in a research note on Monday, October 9th. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 target price on shares of Colfax Corporation in a research note on Wednesday, September 27th. KeyCorp reiterated a “buy” rating and set a $46.00 target price on shares of Colfax Corporation in a research note on Tuesday, September 26th. Finally, Cowen and Company reiterated a “buy” rating and set a $50.00 target price on shares of Colfax Corporation in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Colfax Corporation presently has a consensus rating of “Hold” and an average target price of $46.50.

Colfax Corporation (NYSE:CFX) opened at 42.79 on Tuesday. The firm’s 50-day moving average is $41.26 and its 200 day moving average is $40.18. The stock has a market capitalization of $5.26 billion, a P/E ratio of 33.69 and a beta of 1.32. Colfax Corporation has a 12 month low of $28.83 and a 12 month high of $43.01.

Colfax Corporation (NYSE:CFX) last posted its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $965.83 million for the quarter, compared to analysts’ expectations of $940.31 million. Colfax Corporation had a net margin of 4.35% and a return on equity of 6.30%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. On average, equities analysts anticipate that Colfax Corporation will post $1.72 earnings per share for the current year.

WARNING: This report was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/17/colfax-corporation-cfx-receives-buy-rating-from-stifel-nicolaus.html.

In other news, SVP Stephen Wittig sold 29,189 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $39.30, for a total transaction of $1,147,127.70. Following the completion of the transaction, the senior vice president now owns 15,479 shares in the company, valued at $608,324.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel A. Pryor sold 3,574 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $41.13, for a total transaction of $146,998.62. Following the transaction, the executive vice president now owns 40,224 shares of the company’s stock, valued at approximately $1,654,413.12. The disclosure for this sale can be found here. Insiders have sold 33,202 shares of company stock valued at $1,312,182 in the last 90 days. Insiders own 10.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Paloma Partners Management Co bought a new position in shares of Colfax Corporation during the first quarter worth about $392,000. Principal Financial Group Inc. grew its position in shares of Colfax Corporation by 1.1% during the second quarter. Principal Financial Group Inc. now owns 8,956,040 shares of the industrial products company’s stock worth $352,600,000 after acquiring an additional 95,361 shares during the last quarter. Front Street Capital Management Inc. grew its position in shares of Colfax Corporation by 66.2% during the second quarter. Front Street Capital Management Inc. now owns 142,205 shares of the industrial products company’s stock worth $5,599,000 after acquiring an additional 56,620 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Colfax Corporation by 1,233.6% during the first quarter. Point72 Asset Management L.P. now owns 904,200 shares of the industrial products company’s stock worth $35,499,000 after acquiring an additional 836,400 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new position in shares of Colfax Corporation during the second quarter worth about $1,154,000. Institutional investors and hedge funds own 75.22% of the company’s stock.

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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