Colfax Corp (NYSE:CFX) had its target price boosted by equities researchers at Barclays PLC from $38.00 to $39.00 in a report issued on Wednesday. The firm presently has an “equal weight” rating on the industrial products company’s stock. Barclays PLC’s price objective points to a potential downside of 1.52% from the stock’s current price.
Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada reiterated a “buy” rating and issued a $44.00 price objective on shares of Colfax Corp in a research note on Monday. Zacks Investment Research cut Colfax Corp from a “buy” rating to a “hold” rating in a research note on Monday, March 20th. Stifel Nicolaus boosted their target price on Colfax Corp from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Seaport Global Securities upgraded Colfax Corp from an “accumulate” rating to a “buy” rating in a research note on Wednesday, February 1st. Finally, Argus upgraded Colfax Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Colfax Corp has a consensus rating of “Buy” and a consensus price target of $38.67.
Shares of Colfax Corp (NYSE:CFX) opened at 39.60 on Wednesday. Colfax Corp has a 52 week low of $24.62 and a 52 week high of $41.99. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 38.08 and a beta of 1.52. The stock’s 50 day moving average is $38.83 and its 200-day moving average is $36.76.
Colfax Corp (NYSE:CFX) last announced its quarterly earnings data on Thursday, February 2nd. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. The business earned $930 million during the quarter, compared to analysts’ expectations of $952.83 million. Colfax Corp had a return on equity of 6.02% and a net margin of 3.51%. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. On average, analysts anticipate that Colfax Corp will post $1.65 earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of CFX. Columbus Circle Investors boosted its stake in Colfax Corp by 60.4% in the first quarter. Columbus Circle Investors now owns 629,362 shares of the industrial products company’s stock valued at $24,709,000 after buying an additional 237,013 shares during the last quarter. Quantitative Systematic Strategies LLC boosted its stake in Colfax Corp by 11.1% in the first quarter. Quantitative Systematic Strategies LLC now owns 12,483 shares of the industrial products company’s stock valued at $490,000 after buying an additional 1,250 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its stake in Colfax Corp by 1.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 46,838 shares of the industrial products company’s stock valued at $1,839,000 after buying an additional 735 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Colfax Corp during the first quarter valued at $251,000. Finally, Alpha Windward LLC acquired a new stake in Colfax Corp during the first quarter valued at $473,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.
Colfax Corp Company Profile
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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