Colfax Corp (CFX) Announces Quarterly Results
Colfax Corp (NYSE:CFX) issued its quarterly earnings data on Thursday. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.02, Stock Ratings News reports. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.09 billion.
Colfax Corp (NYSE:CFX) opened at 60.15 on Thursday. Colfax Corp has a one year low of $41.03 and a one year high of $65.64. The stock has a 50-day moving average of $62.79 and a 200-day moving average of $57.46. The company has a market cap of $6.129 billion and a P/E ratio of 43.50.
On the ratings front, analysts at Zacks downgraded shares of Colfax Corp from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, November 21st. They now have a $60.00 price target on the stock. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $52.00.
Colfax Corporation (NYSE:CFX) is a global industrial manufacturing and engineering company.
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