Colfax Corp Receives New Coverage from Analysts at RBC Capital (CFX)
Investment analysts at RBC Capital began coverage on shares of Colfax Corp (NYSE:CFX) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $86.00 price target on the stock. RBC Capital’s price target indicates a potential upside of 14.79% from the stock’s previous close.
Shares of Colfax Corp (NYSE:CFX) traded down 0.07% during mid-day trading on Wednesday, hitting $74.87. 97,052 shares of the company’s stock traded hands. Colfax Corp has a one year low of $50.13 and a one year high of $75.37. The stock has a 50-day moving average of $73.61 and a 200-day moving average of $69.1. The company has a market cap of $9.251 billion and a P/E ratio of 49.32.
Colfax Corp (NYSE:CFX) last released its earnings data on Thursday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the 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 prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts predict that Colfax Corp will post $2.60 earnings per share for the current fiscal year.
CFX has been the subject of a number of other recent research reports. Analysts at Goldman Sachs initiated coverage on shares of Colfax Corp in a research note on Friday, June 27th. 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. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $71.11.
Colfax Corporation (NYSE:CFX) is a global industrial manufacturing and engineering company.
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