Colfax Corp Given New $48.00 Price Target at Barclays Capital (CFX)
Analysts at Barclays Capital raised their target price on shares of Colfax Corp (NYSE:CFX) from $44.00 to $48.00 in a research report issued to clients and investors on Monday, Stock Ratings Network.com reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s target price indicates a potential downside of 16.80% from the company’s current price.
Shares of Colfax Corp (NYSE:CFX) traded down 0.29% during mid-day trading on Monday, hitting $57.52. The stock had a trading volume of 109,557 shares. Colfax Corp has a 52-week low of $33.14 and a 52-week high of $58.00. The stock has a 50-day moving average of $54.94 and a 200-day moving average of $50.69. The company has a market cap of $5.855 billion and a price-to-earnings ratio of 61.18.
Colfax Corp (NYSE:CFX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.35 earnings per share. Colfax Corp’s revenue was up 2.7% compared to the same quarter last year. Analysts expect that Colfax Corp will post $2.01 EPS for the current fiscal year.
A number of other firms have also recently commented on CFX. Analysts at Zacks reiterated a “neutral” rating on shares of Colfax Corp in a research note to investors on Monday, September 30th. 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 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 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $48.86.
Colfax Corporation (NYSE:CFX) is a global industrial manufacturing and engineering company.
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