Colfax (CFX) Given Buy Rating at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Colfax (NYSE:CFX) in a research note issued to investors on Monday morning. Stifel Nicolaus currently has a $44.00 price objective on the industrial products company’s stock.

CFX has been the topic of several other reports. KeyCorp reissued a buy rating and issued a $46.00 target price on shares of Colfax in a research report on Tuesday, September 26th. Citigroup reissued a sell rating and issued a $40.00 target price (up from $39.00) on shares of Colfax in a research report on Monday, October 9th. Royal Bank of Canada restated a buy rating and issued a $44.00 price target on shares of Colfax in a report on Tuesday, November 7th. Oppenheimer restated a hold rating on shares of Colfax in a report on Thursday, November 30th. Finally, Argus restated a buy rating and issued a $50.00 price target on shares of Colfax in a report on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $45.80.

Colfax (NYSE CFX) traded down $0.41 on Monday, hitting $36.40. 489,300 shares of the company traded hands, compared to its average volume of 711,037. 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 has a twelve month low of $33.31 and a twelve month high of $43.29. The firm has a market capitalization of $4,531.89, a PE ratio of 22.17, a PEG ratio of 2.16 and a beta of 1.26.

Colfax (NYSE:CFX) last released its earnings results on Monday, November 6th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Colfax had a net margin of 4.89% and a return on equity of 6.26%. The business had revenue of $844.50 million for the quarter, compared to analysts’ expectations of $901.09 million. During the same period last year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. research analysts expect that Colfax will post 1.71 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Managed Accounts LLC purchased a new stake in shares of Colfax during the third quarter valued at approximately $160,000. Capital Fund Management S.A. purchased a new stake in shares of Colfax during the second quarter valued at approximately $1,154,000. BlackRock Inc. raised its stake in shares of Colfax by 1.7% during the second quarter. BlackRock Inc. now owns 4,174,568 shares of the industrial products company’s stock valued at $164,353,000 after purchasing an additional 70,676 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Colfax during the second quarter valued at approximately $327,000. Finally, Principal Financial Group Inc. raised its stake in shares of Colfax 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 purchasing an additional 95,361 shares during the period. Hedge funds and other institutional investors own 74.86% of the company’s stock.

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About Colfax

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.

Analyst Recommendations for Colfax (NYSE:CFX)

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