Colfax Corp Receives Consensus Rating of “Hold” from Brokerages (NYSE:CFX)
Shares of Colfax Corp (NYSE:CFX) have been given an average rating of “Hold” by the ten brokerages that are currently covering the stock, AnalystRatingsNetwork reports. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $69.25.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs initiated coverage on shares of Colfax Corp in a research note on Friday. They set a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Colfax Corp in a research note on Monday, May 5th. They now have a $77.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Colfax Corp in a research note on Tuesday, April 29th. They set a “hold” rating on the stock.
Colfax Corp (NYSE:CFX) traded up 0.19% on Friday, hitting $73.88. 115,833 shares of the company’s stock traded hands. Colfax Corp has a 1-year low of $50.13 and a 1-year high of $75.37. The stock’s 50-day moving average is $73.5 and its 200-day moving average is $68.65. The company has a market cap of $9.129 billion and a P/E ratio of 48.55.
Colfax Corp (NYSE:CFX) last released its earnings data on Thursday, April 24th. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts expect that Colfax Corp will post $2.61 EPS for the current fiscal year.
In other Colfax Corp news, Director Rajiv Vinnakota sold 1,000 shares of Colfax Corp stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $73.21, for a total value of $73,210.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Colfax Corporation (NYSE:CFX) is a global industrial manufacturing and engineering company.
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