Colfax Corp. (NYSE:CFX) was up 2.5% during trading on Thursday . The company traded as high as $28.80 and last traded at $28.71, with a volume of 171,521 shares traded. The stock had previously closed at $28.02.

A number of equities research analysts have recently commented on CFX shares. Zacks Investment Research raised shares of Colfax Corp. from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, March 29th. Gabelli started coverage on shares of Colfax Corp. in a research note on Tuesday, March 29th. They set a “hold” rating and a $37.00 price objective on the stock. Vetr cut shares of Colfax Corp. from a “strong-buy” rating to a “buy” rating and set a $34.26 price objective on the stock. in a research note on Wednesday, April 13th. BB&T Corp. raised shares of Colfax Corp. from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Tuesday, May 17th. Finally, Cowen and Company reaffirmed a “buy” rating on shares of Colfax Corp. in a research note on Friday, June 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Colfax Corp. presently has an average rating of “Hold” and a consensus price target of $29.48.

The company has a 50-day moving average of $27.86 and a 200-day moving average of $26.59. The company has a market cap of $3.54 billion and a price-to-earnings ratio of 26.19.

Colfax Corp. (NYSE:CFX) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The company had revenue of $876.80 million for the quarter, compared to analysts’ expectations of $837.50 million. Colfax Corp.’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. Equities research analysts expect that Colfax Corp. will post $1.49 earnings per share for the current year.

Several large investors recently added to or reduced their stakes in the company. Russell Frank Co boosted its stake in Colfax Corp. by 370.9% in the fourth quarter. Russell Frank Co now owns 112,368 shares of the company’s stock valued at $2,627,000 after buying an additional 88,504 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Colfax Corp. by 3.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 112,928 shares of the company’s stock valued at $2,637,000 after buying an additional 4,185 shares during the period. California State Teachers Retirement System boosted its stake in Colfax Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 191,990 shares of the company’s stock valued at $4,483,000 after buying an additional 3,027 shares during the period. First Trust Advisors LP boosted its stake in Colfax Corp. by 2.5% in the fourth quarter. First Trust Advisors LP now owns 95,135 shares of the company’s stock valued at $2,221,000 after buying an additional 2,348 shares during the period. Finally, Rhumbline Advisers boosted its stake in Colfax Corp. by 8.7% in the fourth quarter. Rhumbline Advisers now owns 72,417 shares of the company’s stock valued at $1,691,000 after buying an additional 5,820 shares during the period.

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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