Colfax Corporation (NYSE:CFX) – Research analysts at KeyCorp lowered their Q4 2017 earnings per share (EPS) estimates for shares of Colfax Corporation in a note issued to investors on Monday. KeyCorp analyst J. Hammond now expects that the industrial products company will earn $0.41 per share for the quarter, down from their previous forecast of $0.49. KeyCorp has a “Buy” rating and a $46.00 price target on the stock.
A number of other brokerages also recently weighed in on CFX. Zacks Investment Research raised Colfax Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Monday, October 9th. BidaskClub downgraded Colfax Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Royal Bank Of Canada reissued a “buy” rating and set a $45.00 price target on shares of Colfax Corporation in a research report on Wednesday, September 27th. Robert W. Baird raised Colfax Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $47.00 to $50.00 in a research report on Monday, July 31st. Finally, Cowen and Company downgraded Colfax Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $46.40.
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Shares of Colfax Corporation (NYSE CFX) traded up $0.61 during midday trading on Wednesday, reaching $35.49. The company’s stock had a trading volume of 1,212,300 shares, compared to its average volume of 711,724. The firm has a market capitalization of $4,380.00, a P/E ratio of 21.01, a PEG ratio of 2.19 and a beta of 1.30. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. Colfax Corporation has a 1 year low of $33.31 and a 1 year high of $43.29.
Colfax Corporation (NYSE:CFX) last announced its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $844.50 million for the quarter, compared to the consensus estimate of $901.09 million. Colfax Corporation had a return on equity of 6.26% and a net margin of 4.89%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share.
Hedge funds have recently modified their holdings of the stock. Paloma Partners Management Co bought a new stake in shares of Colfax Corporation in the first quarter valued at approximately $392,000. Capital Fund Management S.A. bought a new stake in shares of Colfax Corporation in the second quarter valued at approximately $1,154,000. BlackRock Inc. boosted its stake in shares of Colfax Corporation by 1.7% in the second quarter. BlackRock Inc. now owns 4,174,568 shares of the industrial products company’s stock valued at $164,353,000 after buying an additional 70,676 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Colfax Corporation by 1.1% in the second quarter. Principal Financial Group Inc. now owns 8,956,040 shares of the industrial products company’s stock valued at $352,600,000 after buying an additional 95,361 shares during the period. Finally, Oak Ridge Investments LLC bought a new stake in shares of Colfax Corporation in the second quarter valued at approximately $46,085,000. Institutional investors and hedge funds own 75.32% of the company’s stock.
In other news, SVP Stephen Wittig sold 29,189 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $39.30, for a total value of $1,147,127.70. Following the transaction, the senior vice president now owns 15,479 shares of the company’s stock, valued at $608,324.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.60% of the stock is currently owned by corporate insiders.
Colfax Corporation Company Profile
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.
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