Colfax Corp. (NYSE:CFX) was up 3.9% on Tuesday . The stock traded as high as $29.55 and last traded at $29.53, with a volume of 203,952 shares changing hands. The stock had previously closed at $28.43.

Several equities research analysts recently weighed in 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 target for the company in a research report on Tuesday, March 29th. Gabelli started coverage on shares of Colfax Corp. in a research report on Tuesday, March 29th. They set a “hold” rating and a $37.00 price target for the company. Barclays PLC reissued an “equal weight” rating and set a $28.00 price target (up previously from $26.00) on shares of Colfax Corp. in a research report on Monday, July 18th. Vetr downgraded shares of Colfax Corp. from a “strong-buy” rating to a “buy” rating and set a $34.26 price target for the company. in a research report on Wednesday, April 13th. Finally, BB&T Corp. raised shares of Colfax Corp. from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Tuesday, May 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. Colfax Corp. has an average rating of “Hold” and a consensus price target of $29.64.

The firm has a market capitalization of $3.63 billion and a PE ratio of 26.86. The stock’s 50 day moving average price is $28.04 and its 200 day moving average price is $26.87.

Colfax Corp. (NYSE:CFX) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $876.80 million for the quarter, compared to analyst estimates of $837.50 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. Colfax Corp.’s revenue was down 3.8% on a year-over-year basis. On average, analysts forecast that Colfax Corp. will post $1.49 earnings per share for the current year.

Several large investors recently made changes to their positions in the stock. US Bancorp DE boosted its stake in shares of Colfax Corp. by 6,365.9% in the fourth quarter. US Bancorp DE now owns 44,162 shares of the company’s stock worth $1,031,000 after buying an additional 43,479 shares in the last quarter. Quantitative Investment Management LLC bought a new stake in shares of Colfax Corp. during the fourth quarter worth $1,646,000. Rhumbline Advisers boosted its stake in shares of Colfax Corp. by 8.7% in the fourth quarter. Rhumbline Advisers now owns 72,417 shares of the company’s stock worth $1,691,000 after buying an additional 5,820 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Colfax Corp. by 2.5% in the fourth quarter. First Trust Advisors LP now owns 95,135 shares of the company’s stock worth $2,221,000 after buying an additional 2,348 shares in the last quarter. Finally, Russell Frank Co boosted its stake in shares of Colfax Corp. by 370.9% in the fourth quarter. Russell Frank Co now owns 112,368 shares of the company’s stock worth $2,627,000 after buying an additional 88,504 shares in the last quarter.

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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