Colfax Corp (CFX) Receives $34.27 Consensus Target Price from Brokerages

Colfax Corp (NYSE:CFX) has been assigned a consensus rating of “Hold” from the nineteen ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $34.27.

Several research analysts have commented on the stock. Deutsche Bank set a $30.00 price target on shares of Colfax and gave the stock a “hold” rating in a research note on Friday, October 26th. Cowen raised shares of Colfax from a “market perform” rating to an “outperform” rating in a research note on Friday, August 17th. Robert W. Baird reaffirmed a “buy” rating and issued a $35.00 target price on shares of Colfax in a research note on Monday, October 29th. Argus decreased their target price on shares of Colfax from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Finally, UBS Group raised shares of Colfax from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 4th.

Shares of CFX stock traded down $1.01 during trading hours on Thursday, hitting $21.60. 1,447,105 shares of the company’s stock were exchanged, compared to its average volume of 880,154. The company has a market capitalization of $2.58 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 0.70 and a beta of 1.53. Colfax has a 12-month low of $21.46 and a 12-month high of $42.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.83.

Colfax (NYSE:CFX) last posted its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. The firm had revenue of $875.37 million for the quarter, compared to the consensus estimate of $893.38 million. Colfax had a net margin of 3.03% and a return on equity of 6.97%. On average, research analysts predict that Colfax will post 2.25 EPS for the current year.

In related news, CEO Ian Brander sold 3,232 shares of Colfax stock in a transaction on Monday, November 19th. The shares were sold at an average price of $26.18, for a total value of $84,613.76. Following the transaction, the chief executive officer now directly owns 26,136 shares of the company’s stock, valued at $684,240.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jason Maclean sold 1,120 shares of Colfax stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $29.06, for a total transaction of $32,547.20. Following the completion of the transaction, the senior vice president now directly owns 9,716 shares in the company, valued at $282,346.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,892 shares of company stock worth $183,658. 10.20% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its position in Colfax by 31.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,034 shares of the industrial products company’s stock valued at $247,000 after purchasing an additional 1,917 shares during the period. BNP Paribas Arbitrage SA increased its position in Colfax by 182.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,874 shares of the industrial products company’s stock valued at $149,000 after purchasing an additional 3,150 shares during the period. TLP Group LLC increased its position in Colfax by 166,250.0% during the 3rd quarter. TLP Group LLC now owns 3,327 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 3,325 shares during the period. Gamco Investors INC. ET AL increased its position in Colfax by 36.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 13,077 shares of the industrial products company’s stock valued at $401,000 after purchasing an additional 3,477 shares during the period. Finally, Northern Trust Corp increased its position in Colfax by 0.9% during the 2nd quarter. Northern Trust Corp now owns 465,362 shares of the industrial products company’s stock valued at $14,264,000 after purchasing an additional 3,985 shares during the period. 81.29% of the stock is currently owned by institutional investors and hedge funds.

About Colfax

Colfax Corporation operates as a diversified industrial technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, and supplies heavy-duty centrifugal and axial fans, rotary heat exchangers, and gas compressors, as well as related products, systems, and services.

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Analyst Recommendations for Colfax (NYSE:CFX)

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