Colfax Corp Sets New 52-Week High at $69.48 (CFX)
Colfax Corp (NYSE:CFX)’s share price hit a new 52-week high during mid-day trading on Thursday , Analyst RN reports. The stock traded as high as $69.48 and last traded at $69.15, with a volume of 1,088,210 shares changing hands. The stock had previously closed at $65.02.
CFX has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Colfax Corp in a research note on Thursday. They now have a $68.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $53.33.
The stock’s 50-day moving average is $63.08 and its 200-day moving average is $57.88. The company has a market cap of $7.105 billion and a price-to-earnings ratio of 42.22.
Colfax Corp (NYSE:CFX) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts expect that Colfax Corp will post $2.61 EPS for the current fiscal year.
Colfax Corporation (NYSE:CFX) is a global industrial manufacturing and engineering company.
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