Colfax Corp PT Raised to $55.00 at Global Hunter Securities (CFX)
Stock analysts at Global Hunter Securities hoisted their target price on shares of Colfax Corp (NYSE:CFX) from $45.00 to $55.00 in a report issued on Friday, StockRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. Global Hunter Securities’ price objective would indicate a potential downside of 3.37% from the stock’s previous close.
Colfax Corp (NYSE:CFX) traded up 1.53% on Friday, hitting $56.92. The stock had a trading volume of 536,551 shares. Colfax Corp has a 52-week low of $31.87 and a 52-week high of $56.28. The stock’s 50-day moving average is $53.34 and its 200-day moving average is $49.48. The company has a market cap of $5.794 billion and a P/E ratio of 59.45.
Colfax Corp (NYSE:CFX) last issued its quarterly earnings data on Thursday, October 24th. 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 $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $0.30 earnings per share. Colfax Corp’s revenue was up 6.4% compared to the same quarter last year. Analysts expect that Colfax Corp will post $2.02 EPS for the current fiscal year.
A number of other firms have also recently commented on CFX. Analysts at Zacks upgraded shares of Colfax Corp from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 10th. They now have a $67.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Colfax Corp from $44.00 to $48.00 in a research note to investors on Monday, October 7th. They now have an “equal weight” rating on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Colfax Corp presently has an average rating of “Hold” and an average target price of $51.43.
Colfax Corporation (NYSE:CFX) is a global industrial manufacturing and engineering company.
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