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.
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.
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.
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