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Colfax Corp (NYSE:CFX) was upgraded by Stifel Nicolaus to a “buy” rating in a research note issued on Friday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. downgraded shares of Colfax Corp to a “buy” rating in a research note on Monday. They now have a $71.58 price target on the stock, down previously from $84.00. Separately, analysts at Argus upgraded shares of Colfax Corp from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $84.00 price target on the stock. Finally, analysts at RBC Capital downgraded shares of Colfax Corp from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 9th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $71.73.

Shares of Colfax Corp (NYSE:CFX) opened at 68.57 on Friday. Colfax Corp has a one year low of $50.73 and a one year high of $75.37. The stock has a 50-day moving average of $73.54 and a 200-day moving average of $69.87. The company has a market cap of $8.473 billion and a P/E ratio of 47.86.

Colfax Corp (NYSE:CFX) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.48 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.18. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $0.56 earnings per share. Colfax Corp’s revenue was up 11.6% compared to the same quarter last year. On average, analysts predict that Colfax Corp will post $2.60 earnings per share for the current fiscal year.

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

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