Colfax Corp (NYSE:CFX) has been assigned a consensus recommendation of “Buy” from the sixteen analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $45.33.

A number of research firms have weighed in on CFX. Zacks Investment Research upgraded Colfax from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a report on Tuesday, January 9th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 price target on shares of Colfax in a report on Tuesday, October 17th. Royal Bank of Canada restated a “buy” rating and issued a $45.00 price target on shares of Colfax in a report on Wednesday, September 27th. Cowen restated a “buy” rating and issued a $50.00 price target on shares of Colfax in a report on Tuesday, September 26th. Finally, KeyCorp restated a “buy” rating and issued a $46.00 price target on shares of Colfax in a report on Tuesday, September 26th.

Shares of Colfax (NYSE:CFX) opened at $41.76 on Monday. The stock has a market cap of $5,141.32, a P/E ratio of 29.41, a P/E/G ratio of 1.60 and a beta of 1.27. Colfax has a 1 year low of $33.31 and a 1 year high of $43.29. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38.

Colfax (NYSE:CFX) last posted its earnings results on Monday, November 6th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42. The firm had revenue of $844.50 million during the quarter, compared to the consensus estimate of $901.09 million. Colfax had a net margin of 4.89% and a return on equity of 6.26%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. analysts expect that Colfax will post 1.72 earnings per share for the current year.

In other news, EVP Daniel A. Pryor sold 53,333 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $38.15, for a total transaction of $2,034,653.95. Following the completion of the transaction, the executive vice president now directly owns 93,557 shares in the company, valued at approximately $3,569,199.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 10.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. M&T Bank Corp raised its position in shares of Colfax by 0.7% during the 2nd quarter. M&T Bank Corp now owns 5,510 shares of the industrial products company’s stock valued at $216,000 after acquiring an additional 41 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Colfax by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 251 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Colfax by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 323 shares in the last quarter. Eqis Capital Management Inc. raised its position in shares of Colfax by 11.7% during the 3rd quarter. Eqis Capital Management Inc. now owns 13,531 shares of the industrial products company’s stock valued at $563,000 after acquiring an additional 1,415 shares in the last quarter. Finally, Hanseatic Management Services Inc. raised its position in shares of Colfax by 9.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 18,646 shares of the industrial products company’s stock valued at $734,000 after acquiring an additional 1,588 shares in the last quarter. Institutional investors own 74.86% of the company’s stock.

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About Colfax

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides air and gas handling, and fabrication technology products and services. The Company’s segments include Air and Gas handling, and Fabrication Technology. The Air and Gas Handling segment supplies a range of gas handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket services.

Analyst Recommendations for Colfax (NYSE:CFX)

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