Colfax Corporation (NYSE:CFX)‘s stock had its “buy” rating reissued by equities researchers at Stifel Nicolaus in a report released on Tuesday, October 17th. They presently have a $50.00 target price on the industrial products company’s stock. Stifel Nicolaus’ price target points to a potential upside of 35.57% from the company’s current price.
CFX has been the subject of a number of other reports. Argus restated a “buy” rating and issued a $50.00 target price on shares of Colfax Corporation in a report on Tuesday, August 29th. Zacks Investment Research upgraded shares of Colfax Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Tuesday, August 1st. BidaskClub upgraded shares of Colfax Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Cowen and Company restated a “buy” rating and issued a $50.00 target price on shares of Colfax Corporation in a research note on Tuesday, September 26th. Finally, KeyCorp restated a “buy” rating and issued a $46.00 target price on shares of Colfax Corporation in a research note on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.50.
Shares of Colfax Corporation (CFX) traded down $5.45 on Tuesday, reaching $36.88. 1,360,148 shares of the company’s stock were exchanged, compared to its average volume of 486,321. The company has a current ratio of 1.71, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $5,208.12, a PE ratio of 25.97, a P/E/G ratio of 2.57 and a beta of 1.30. Colfax Corporation has a one year low of $31.33 and a one year high of $43.29.
Colfax Corporation (NYSE:CFX) last posted its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $844.50 million during the quarter, compared to analyst estimates of $901.09 million. Colfax Corporation had a net margin of 4.35% and a return on equity of 6.30%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. research analysts predict that Colfax Corporation will post 1.74 earnings per share for the current fiscal year.
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In other Colfax Corporation news, SVP Stephen Wittig sold 29,189 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $39.30, for a total transaction of $1,147,127.70. Following the completion of the sale, the senior vice president now directly owns 15,479 shares of the company’s stock, valued at $608,324.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Paloma Partners Management Co purchased a new stake in shares of Colfax Corporation in the first quarter worth approximately $392,000. Capital Fund Management S.A. bought a new position in Colfax Corporation during the second quarter valued at approximately $1,154,000. Principal Financial Group Inc. raised its position in Colfax Corporation by 1.1% during the second quarter. Principal Financial Group Inc. now owns 8,956,040 shares of the industrial products company’s stock valued at $352,600,000 after acquiring an additional 95,361 shares in the last quarter. Oak Ridge Investments LLC bought a new position in Colfax Corporation during the second quarter valued at approximately $46,085,000. Finally, TIAA CREF Investment Management LLC raised its position in Colfax Corporation by 19.8% during the second quarter. TIAA CREF Investment Management LLC now owns 929,474 shares of the industrial products company’s stock valued at $36,593,000 after acquiring an additional 153,710 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.
Colfax Corporation 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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