Colfax Corp (CFX) Receives $43.78 Consensus Target Price from Brokerages
Shares of Colfax Corp (NYSE:CFX) have earned an average recommendation of “Buy” from the seventeen analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $43.78.
Several analysts have recently issued reports on CFX shares. Royal Bank of Canada reiterated a “buy” rating and issued a $44.00 target price on shares of Colfax in a research note on Tuesday, November 7th. Cowen lowered shares of Colfax from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Longbow Research upgraded shares of Colfax from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 21st. Zacks Investment Research lowered shares of Colfax from a “hold” rating to a “strong sell” rating in a research note on Friday, November 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 target price (up previously from $44.00) on shares of Colfax in a research note on Tuesday, January 16th.
In other Colfax news, SVP A. Lynne Puckett sold 7,270 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $42.01, for a total transaction of $305,412.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel A. Pryor sold 53,333 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 93,557 shares of the company’s stock, valued at approximately $3,569,199.55. The disclosure for this sale can be found here. 10.60% of the stock is currently owned by corporate insiders.
Colfax (NYSE:CFX) traded up $0.92 during midday trading on Friday, hitting $33.19. 696,449 shares of the stock traded hands, compared to its average volume of 912,518. Colfax has a 12-month low of $31.50 and a 12-month high of $43.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.80. The company has a market cap of $3,977.14, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 1.11 and a beta of 1.17.
Colfax (NYSE:CFX) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Colfax had a net margin of 4.28% and a return on equity of 6.11%. The firm had revenue of $874.00 million during the quarter, compared to analyst estimates of $894.02 million. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. equities analysts forecast that Colfax will post 2.11 EPS for the current fiscal year.
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Colfax Company Profile
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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