A number of research firms have changed their ratings and price targets for Colfax Corporation (NYSE: CFX):

  • 8/2/2017 – Colfax Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the last three months, Colfax's shares have outperformed the industry. In second-quarter 2017, the company's profitability was driven by organic revenue growth, gains from acquired assets and lower operating and interest expenses. Assets acquired during the quarter, TBi and HKS, will strengthen its welding process analytics and robotic welding torches operations in the Fabrication Technology segment. For 2017, it anticipates benefiting from its organic and inorganic growth initiatives as well as improving end-market conditions. It predicts the Gas and Fluid Handling segment to witness organic growth in the third quarter. The company increased its adjusted earnings guidance to $1.65-$1.75 per share. However, we believe that the company's exposure to headwinds from uncertain global economic conditions, unfavorable forex movements and stiff competition might impact its financials in the near term.”
  • 8/1/2017 – Colfax Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “In the last three months, Colfax's shares have outperformed the industry. In second-quarter 2017, the company's profitability was driven by organic revenue growth, gains from acquired assets and lower operating and interest expenses. Assets acquired during the quarter, TBi and HKS, will strengthen its welding process analytics and robotic welding torches operations in the Fabrication Technology segment. For 2017, it anticipates benefiting from its organic and inorganic growth initiatives as well as improving end-market conditions. It predicts the Gas and Fluid Handling segment to witness organic growth in the third quarter. The company increased its adjusted earnings guidance to $1.65-$1.75 per share from the previous projection of $1.60-$1.75. Also, it’s on track to realize benefits from its cost-saving strategies.”
  • 7/31/2017 – Colfax Corporation was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $50.00 price target on the stock, up previously from $47.00.
  • 7/28/2017 – Colfax Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/18/2017 – Colfax Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the last one year, Colfax's shares outperformed the Zacks categorized Machinery General Industrial industry. We believe that it holds solid long-term potential, backed by a diverse product portfolio, inorganic growth strategies and exposure to emerging markets. Colfax has initiated cost-saving strategies that will enable it to improve its margins. For 2017, it increased its adjusted earnings guidance to $1.60-$1.75 per share from the previous projection of $1.55-$1.70 per share range. However, we believe that the company's exposure to headwinds from uncertain global economic conditions, unfavorable forex movements and stiff competition might impact its financials in the near term.”
  • 7/17/2017 – Colfax Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “Over the last one year, Colfax's shares outperformed the Zacks categorized Machinery General Industrial industry. We believe that it holds solid long-term potential, backed by a diverse product portfolio, inorganic growth strategies and exposure to emerging markets. Colfax has initiated cost-saving strategies that will enable it to improve its margins. For 2017, it increased its adjusted earnings guidance to $1.60-$1.75 per share from the previous projection of $1.55-$1.70 per share range. In the last 60 days, earnings estimates on the stock increased for both 2017 and 2018.”
  • 7/14/2017 – Colfax Corporation had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $50.00 price target on the stock, up previously from $45.00.
  • 7/11/2017 – Colfax Corporation is now covered by analysts at Wolfe Research. They set a “market perform” rating on the stock.
  • 7/10/2017 – Colfax Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the last one year, Colfax's shares outperformed the Zacks categorized Machinery General Industrial industry. We believe that it holds solid long-term potential, backed by a diverse product portfolio, inorganic growth strategies and exposure to emerging markets. Colfax has initiated cost-saving strategies that will enable it to improve its margins. For 2017, it increased its adjusted earnings guidance to $1.60-$1.75 per share from the previous projection of $1.55-$1.70 per share range. However, we believe that the company's exposure to headwinds from uncertain global economic conditions, unfavorable forex movements and stiff competition might impact its financials in the near term.”
  • 7/6/2017 – Colfax Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/14/2017 – Colfax Corporation had its “buy” rating reaffirmed by analysts at Seaport Global Securities.

Colfax Corporation (NYSE CFX) opened at 41.36 on Tuesday. Colfax Corporation has a one year low of $27.75 and a one year high of $42.75. The stock has a market cap of $5.09 billion, a P/E ratio of 32.54 and a beta of 1.37. The stock’s 50 day moving average price is $39.94 and its 200-day moving average price is $39.56.

Colfax Corporation (NYSE:CFX) last released its earnings results on Friday, July 28th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.43. The firm had revenue of $965.83 million during the quarter, compared to analysts’ expectations of $940.31 million. Colfax Corporation had a return on equity of 6.30% and a net margin of 4.35%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. On average, analysts predict that Colfax Corporation will post $1.73 earnings per share for the current year.

In other Colfax Corporation news, SVP A. Lynne Puckett sold 10,882 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $40.14, for a total transaction of $436,803.48. Following the completion of the transaction, the senior vice president now owns 40,907 shares in the company, valued at approximately $1,642,006.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel A. Pryor sold 3,574 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $41.13, for a total value of $146,998.62. Following the transaction, the executive vice president now owns 40,224 shares of the company’s stock, valued at approximately $1,654,413.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,560 shares of company stock valued at $628,319. Corporate insiders own 10.60% of the company’s stock.

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.

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