Colfax Corp (CFX) Given Consensus Rating of “Buy” by Analysts

Shares of Colfax Corp (NYSE:CFX) have earned an average recommendation of “Buy” from the seventeen brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $43.78.

Several brokerages have recently commented on CFX. Zacks Investment Research upgraded Colfax from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a research report on Tuesday, January 9th. Royal Bank of Canada restated a “buy” rating and issued a $44.00 price objective on shares of Colfax in a research report on Tuesday, November 7th. Oppenheimer restated a “hold” rating on shares of Colfax in a research report on Thursday, November 30th. Robert W. Baird restated a “buy” rating and issued a $50.00 price objective on shares of Colfax in a research report on Friday, October 27th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $50.00 price objective on shares of Colfax in a research report on Tuesday, October 17th.

In related news, SVP A. Lynne Puckett sold 7,270 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $42.01, for a total value of $305,412.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Daniel A. Pryor sold 53,333 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $38.15, for a total value of $2,034,653.95. Following the completion of the sale, the executive vice president now owns 93,557 shares in the company, valued at $3,569,199.55. The disclosure for this sale can be found here. 10.60% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Swiss National Bank raised its position in Colfax by 1.9% during the fourth quarter. Swiss National Bank now owns 157,200 shares of the industrial products company’s stock valued at $6,228,000 after purchasing an additional 3,000 shares during the period. Teacher Retirement System of Texas raised its position in Colfax by 311.8% during the fourth quarter. Teacher Retirement System of Texas now owns 31,451 shares of the industrial products company’s stock valued at $1,246,000 after purchasing an additional 23,813 shares during the period. Price Capital Management Inc. purchased a new stake in Colfax during the fourth quarter valued at approximately $649,000. PenderFund Capital Management Ltd. purchased a new stake in Colfax during the fourth quarter valued at approximately $10,091,000. Finally, Comerica Bank raised its position in Colfax by 79.8% during the fourth quarter. Comerica Bank now owns 190,440 shares of the industrial products company’s stock valued at $7,726,000 after purchasing an additional 84,545 shares during the period. Institutional investors and hedge funds own 74.66% of the company’s stock.

Colfax (CFX) opened at $32.95 on Friday. Colfax has a 52-week low of $32.93 and a 52-week high of $43.29. The company has a market capitalization of $4,060.00, a PE ratio of -55.85, a PEG ratio of 1.31 and a beta of 1.17. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.80 and a quick ratio of 1.47.

Colfax (NYSE:CFX) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Colfax had a return on equity of 6.11% and a net margin of 4.28%. The business had revenue of $874.00 million for the quarter, compared to the consensus estimate of $894.02 million. During the same period in the previous year, the business earned $0.46 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. sell-side analysts predict that Colfax will post 2.13 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece of content was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/09/colfax-corp-cfx-given-consensus-rating-of-buy-by-analysts.html.

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)

Receive News & Ratings for Colfax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colfax and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply