Colfax (NYSE:CFX)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a report released on Monday. They currently have a $44.00 price objective on the industrial products company’s stock. Stifel Nicolaus’ target price points to a potential upside of 19.53% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Colfax from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Monday, October 9th. Royal Bank Of Canada reissued a “buy” rating and set a $45.00 price objective on shares of Colfax in a research report on Wednesday, September 27th. Longbow Research raised shares of Colfax from a “neutral” rating to a “buy” rating in a report on Tuesday, November 21st. Cowen downgraded shares of Colfax from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 18th. Finally, BidaskClub downgraded shares of Colfax from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Colfax has an average rating of “Hold” and an average target price of $45.80.

Shares of Colfax (CFX) opened at $36.81 on Monday. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $4,531.89, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 2.16 and a beta of 1.26. Colfax has a 12-month low of $33.31 and a 12-month high of $43.29.

Colfax (NYSE:CFX) last released its earnings results on Monday, November 6th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. Colfax had a net margin of 4.89% and a return on equity of 6.26%. The firm had revenue of $844.50 million during the quarter, compared to analyst estimates of $901.09 million. During the same period last year, the business earned $0.39 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. equities research analysts anticipate that Colfax will post 1.71 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of CFX. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Colfax by 4,167.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 2,542 shares during the last quarter. Toronto Dominion Bank purchased a new position in Colfax in the second quarter valued at $118,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Colfax by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock valued at $139,000 after buying an additional 323 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Colfax by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock valued at $145,000 after buying an additional 251 shares in the last quarter. Finally, FNY Managed Accounts LLC purchased a new position in Colfax in the third quarter valued at $160,000. 74.86% of the stock is owned by institutional investors and hedge funds.

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About Colfax

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.

Analyst Recommendations for Colfax (NYSE:CFX)

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