Colfax Corp Upgraded by Stifel Nicolaus to “Buy” (CFX)
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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