Colfax Corp Given Average Rating of “Buy” by Brokerages (NYSE:CFX)
Colfax Corp (NYSE:CFX) has earned a consensus rating of “Buy” from the twelve brokerages that are presently covering the stock, Analyst Ratings Network.com reports. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $75.60.
Colfax Corp (NYSE:CFX) opened at 61.15 on Friday. Colfax Corp has a 1-year low of $50.73 and a 1-year high of $75.37. The stock has a 50-day moving average of $70.05 and a 200-day moving average of $70.03. The company has a market cap of $7.562 billion and a P/E ratio of 22.79.
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 $2.30 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Colfax Corp in a research note on Monday, July 28th. They now have a $72.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Colfax Corp in a research note on Tuesday, July 22nd. They now have a $72.00 price target on the stock, down previously from $75.00. Finally, analysts at Barclays cut their price target on shares of Colfax Corp from $76.00 to $66.00 in a research note on Friday, July 18th. They now have an “equal weight” rating on the stock.
In other Colfax Corp news, Director Mitchell P. Rales bought 3,800 shares of Colfax Corp stock on the open market in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average cost of $62.18 per share, with a total value of $236,284.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Colfax Corporation (NYSE:CFX) is a global industrial manufacturing and engineering company.
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