Colfax Corp Reaches New 12-Month High at $57.66 (CFX)
Colfax Corp (NYSE:CFX)’s share price reached a new 52-week high during mid-day trading on Wednesday, American Banking News reports. The stock traded as high as $57.66 and last traded at $57.53, with a volume of 205,919 shares traded. The stock had previously closed at $57.35.
CFX has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Colfax Corp (NYSE:CFX) in a research note to investors on Monday. They now have a $59.00 price target on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $48.29.
Colfax Corp has a 52 week low of $33.14 and a 52 week high of $57.49. The stock has a 50-day moving average of $54.47 and a 200-day moving average of $50.52. The company has a market cap of $5.869 billion and a price-to-earnings ratio of 60.82.
Colfax Corp (NYSE:CFX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue 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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