Colfax Corp Receives Average Recommendation of “Buy” from Brokerages (NYSE:CFX)
Shares of Colfax Corp (NYSE:CFX) have received an average rating of “Buy” from the twelve analysts that are presently covering the stock, Analyst Ratings Network.com reports. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $75.60.
Shares of Colfax Corp (NYSE:CFX) opened at 62.86 on Friday. Colfax Corp has a 52-week low of $50.73 and a 52-week high of $75.37. The stock’s 50-day moving average is $69.39 and its 200-day moving average is $70.03. The company has a market cap of $7.774 billion and a price-to-earnings ratio of 23.27.
Colfax Corp (NYSE:CFX) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. Analysts expect that Colfax Corp will post $2.30 EPS for the current fiscal year.
In other Colfax Corp news, Director Mitchell P. Rales bought 3,800 shares of the 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, for a total transaction of $236,284.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on CFX. 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.
Colfax Corporation (NYSE:CFX) is a global industrial manufacturing and engineering company.
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