Colfax (CFX) Given Buy Rating at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Colfax (NYSE:CFX) in a report published on Tuesday morning, MarketBeat reports. They currently have a $48.00 target price on the industrial products company’s stock, up from their previous target price of $44.00.

Several other brokerages also recently commented on CFX. Zacks Investment Research downgraded Colfax from a buy rating to a hold rating in a research note on Tuesday, October 17th. Robert W. Baird reiterated a buy rating and set a $50.00 target price on shares of Colfax in a research note on Friday, October 27th. KeyCorp reiterated a buy rating and set a $46.00 target price on shares of Colfax in a research note on Tuesday, September 26th. Cowen reiterated a buy rating and set a $50.00 target price on shares of Colfax in a research note on Tuesday, September 26th. Finally, Citigroup reiterated a sell rating and set a $40.00 target price (up from $39.00) on shares of Colfax in a research note on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $46.20.

Colfax (NYSE CFX) traded down $0.49 during trading hours on Tuesday, hitting $41.27. The company’s stock had a trading volume of 678,300 shares, compared to its average volume of 610,020. 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 52-week low of $33.31 and a 52-week high of $43.29. The firm has a market cap of $5,141.31, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27.

Colfax (NYSE:CFX) last issued its earnings results on Monday, November 6th. The industrial products company reported $0.42 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Colfax had a return on equity of 6.26% and a net margin of 4.89%. The company had revenue of $844.50 million during the quarter, compared to the consensus estimate of $901.09 million. During the same period in the previous year, the company posted $0.39 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. equities research analysts forecast that Colfax will post 1.72 EPS for the current year.

In related news, EVP Daniel A. Pryor sold 53,333 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $38.15, for a total value of $2,034,653.95. Following the completion of the sale, the executive vice president now directly owns 93,557 shares in the company, valued at approximately $3,569,199.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank bought a new stake in Colfax in the 2nd quarter valued at $118,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Colfax by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 323 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Colfax by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 251 shares during the period. FNY Managed Accounts LLC bought a new stake in Colfax in the 3rd quarter valued at $160,000. Finally, Valeo Financial Advisors LLC bought a new stake in Colfax in the 3rd quarter valued at $177,000. Institutional investors and hedge funds own 74.89% of the company’s stock.

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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.

Analyst Recommendations for Colfax (NYSE:CFX)

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