Colfax Corp Reaches New 12-Month High at $56.10 (CFX)
Colfax Corp (NYSE:CFX)’s share price reached a new 52-week high during mid-day trading on Tuesday, Analyst Ratings Network.com reports. The stock traded as high as $56.10 and last traded at $55.90, with a volume of 228,982 shares traded. The stock had previously closed at $54.54.
CFX has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott raised their price target on shares of Colfax Corp (NYSE:CFX) from $37.00 to $39.00 in a research note to investors on Tuesday, July 30th. They now have a “neutral” rating on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Colfax Corp (NYSE:CFX) from $40.00 to $45.00 in a research note to investors on Monday, July 29th. They now have a “neutral” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Colfax Corp (NYSE:CFX) from $41.00 to $44.00 in a research note to investors on Friday, July 26th. They now have an “equal weight” rating on the stock.
Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Colfax Corp currently has an average rating of “Hold” and an average target price of $46.50.
Colfax Corp has a one year low of $33.14 and a one year high of $56.10. The stock’s 50-day moving average is $53.08 and its 200-day moving average is $49.29. The company has a market cap of $5.690 billion and a P/E ratio of 57.84.
Colfax Corp (NYSE:CFX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts expect that Colfax Corp will post $2.01 EPS for the current fiscal year.
Colfax Corporation (NYSE:CFX) is a global industrial manufacturing and engineering company.
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