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Colfax Corp (NYSE:CFX)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued on Thursday, ARN reports. They currently have a $68.00 target price on the stock. Zacks‘ price target points to a potential upside of 5.25% from the company’s current price.

Zacks‘ analyst wrote, “Colfax reported impressive fourth-quarter 2013 results with adjusted earnings per share of $0.59, in line with the Zacks Consensus Estimate and way above the year-ago quarter’s earnings. Revenue increased 14% driven by solid organic growth and contribution from acquisitions. However, currency translation played a spoil sport and pulled down growth by 2.7%. Gas and Fluid Handling and Fabrication Technology segments reported 10% and 3% revenue growth respectively. Backlogs were strong at $1.6 billion, while orders grew 5.3%. Adjusted operating margin expanded 190 basis points to 10.6%. For 2014, management anticipates organic revenue growth in the range of 1-3% and earnings per share are anticipated within the $2.40 $2.65 range. The acquisition of CKD Kompresory a.s. and Global Infrastructure and Industry business will strengthen the company’s Howden line of business while Victor Technologies will support ESAB business. We currently maintain a Neutral recommendation on Colfax. “

Colfax Corp (NYSE:CFX) traded up 5.94% during mid-day trading on Thursday, hitting $68.88. The stock had a trading volume of 817,315 shares. Colfax Corp has a one year low of $41.13 and a one year high of $65.64. The stock has a 50-day moving average of $63.08 and a 200-day moving average of $57.88. The company has a market cap of $7.020 billion and a P/E ratio of 42.22.

Colfax Corp (NYSE:CFX) last announced its 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. On average, analysts predict that Colfax Corp will post $2.61 earnings per share for the current fiscal year.

Colfax Corporation (NYSE:CFX) is a global industrial manufacturing and engineering company.

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