A number of other equities analysts have also recently issued reports on CFX. BidaskClub cut shares of Colfax Corporation from a buy rating to a hold rating in a research report on Friday, July 28th. Robert W. Baird upgraded shares of Colfax Corporation from a neutral rating to an outperform rating and upped their price objective for the stock from $47.00 to $50.00 in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Colfax Corporation from a hold rating to a buy rating and set a $46.00 price objective for the company in a research report on Tuesday, August 1st. KeyCorp upgraded shares of Colfax Corporation from a sector weight rating to an overweight rating and set a $46.00 price objective for the company in a research report on Friday, August 25th. They noted that the move was a valuation call. Finally, Argus reiterated a buy rating and set a $50.00 price objective on shares of Colfax Corporation in a research report on Tuesday, August 29th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $46.40.
Colfax Corporation (NYSE CFX) opened at $36.30 on Tuesday. The stock has a market cap of $4,363.22, a P/E ratio of 21.35, a P/E/G ratio of 2.22 and a beta of 1.30. Colfax Corporation has a 12-month low of $33.31 and a 12-month high of $43.29. 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 (NYSE:CFX) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42. The business had revenue of $844.50 million during the quarter, compared to analysts’ expectations of $901.09 million. Colfax Corporation had a net margin of 4.89% and a return on equity of 6.26%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. analysts anticipate that Colfax Corporation will post 1.72 earnings per share for the current year.
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In other Colfax Corporation news, SVP Stephen Wittig sold 29,189 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 15,479 shares of the company’s stock, valued at approximately $608,324.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.60% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. grew its holdings in 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 worth $102,000 after acquiring an additional 2,542 shares during the last quarter. Toronto Dominion Bank bought a new stake in shares of Colfax Corporation in the 2nd quarter valued at $118,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Colfax Corporation by 10.1% in 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 during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Colfax Corporation by 7.3% in 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 during the last quarter. Finally, FNY Managed Accounts LLC bought a new stake in shares of Colfax Corporation in the 3rd quarter valued at $160,000. 76.07% of the stock is currently owned by hedge funds and other institutional investors.
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.
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