Shares of Colfax Corp. (NYSE:CFX) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the company. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $29.75.
Several research firms have recently weighed in on CFX. Zacks Investment Research lowered shares of Colfax Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Citigroup Inc. raised their price objective on shares of Colfax Corp. from $25.00 to $26.00 and gave the company a “sell” rating in a research report on Friday, July 29th. Barclays PLC restated an “equal weight” rating and set a $28.00 price objective (up previously from $26.00) on shares of Colfax Corp. in a research report on Monday, July 18th. Finally, Cowen and Company restated a “buy” rating on shares of Colfax Corp. in a research report on Friday, June 10th.
In other news, SVP A. Lynne Puckett sold 21,037 shares of the stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $31.00, for a total value of $652,147.00. Following the completion of the sale, the senior vice president now directly owns 20,370 shares of the company’s stock, valued at $631,470. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.50% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of CFX. Aperio Group LLC increased its position in Colfax Corp. by 9.8% in the first quarter. Aperio Group LLC now owns 72,844 shares of the company’s stock worth $2,083,000 after buying an additional 6,500 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Colfax Corp. by 7.5% in the first quarter. TIAA CREF Investment Management LLC now owns 278,921 shares of the company’s stock worth $7,974,000 after buying an additional 19,533 shares in the last quarter. Teachers Advisors Inc. increased its position in Colfax Corp. by 13.4% in the first quarter. Teachers Advisors Inc. now owns 110,936 shares of the company’s stock worth $3,172,000 after buying an additional 13,094 shares in the last quarter. BlackRock Inc. increased its position in Colfax Corp. by 33.4% in the first quarter. BlackRock Inc. now owns 34,681 shares of the company’s stock worth $991,000 after buying an additional 8,683 shares in the last quarter. Finally, East Coast Asset Management LLC. increased its position in Colfax Corp. by 18.1% in the first quarter. East Coast Asset Management LLC. now owns 73,527 shares of the company’s stock worth $2,102,000 after buying an additional 11,251 shares in the last quarter. 78.33% of the stock is owned by institutional investors and hedge funds.
Shares of Colfax Corp. (NYSE:CFX) traded up 0.39% during trading on Tuesday, reaching $30.73. 775,029 shares of the company’s stock were exchanged. The firm has a market capitalization of $3.77 billion, a PE ratio of 30.46 and a beta of 1.59. The company’s 50-day moving average price is $29.81 and its 200 day moving average price is $28.86. Colfax Corp. has a 52 week low of $18.22 and a 52 week high of $33.63.
Colfax Corp. (NYSE:CFX) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Colfax Corp. had a net margin of 3.23% and a return on equity of 5.55%. The company earned $957.20 million during the quarter, compared to analyst estimates of $943.50 million. During the same quarter last year, the firm posted $0.50 EPS. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. Analysts predict that Colfax Corp. will post $0.71 EPS for the current fiscal year.
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 commercial and governmental customers around the world under Howden, ESAB and Colfax Fluid Handling brand names. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology.
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