Shares of Colfax Corp. (NYSE:CFX) dropped 3% during mid-day trading on Friday . The company traded as low as $30.13 and last traded at $30.28, with a volume of 675,226 shares traded. The stock had previously closed at $31.23.

CFX has been the subject of a number of research analyst reports. Barclays PLC restated an “equal weight” rating and set a $28.00 price objective (up previously from $26.00) on shares of Colfax Corp. in a report on Monday, July 18th. BB&T Corp. upgraded shares of Colfax Corp. from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Tuesday, May 17th. Cowen and Company reiterated a “buy” rating on shares of Colfax Corp. in a research note on Friday, June 10th. Zacks Investment Research upgraded shares of Colfax Corp. from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Friday, April 15th. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Colfax Corp. in a research note on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Colfax Corp. presently has an average rating of “Hold” and a consensus price target of $30.17.

The stock’s 50 day moving average is $28.33 and its 200 day moving average is $27.60. The company has a market capitalization of $3.72 billion and a price-to-earnings ratio of 30.07.

Colfax Corp. (NYSE:CFX) last posted its earnings results on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. During the same quarter in the prior year, the company posted $0.50 EPS. The company had revenue of $957.20 million for the quarter, compared to the consensus estimate of $943.50 million. Colfax Corp.’s revenue was down 6.6% on a year-over-year basis. Equities research analysts anticipate that Colfax Corp. will post $1.51 EPS for the current year.

A number of institutional investors recently bought and sold shares of the stock. Russell Frank Co boosted its position 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 in the last quarter. First Trust Advisors LP boosted its position 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 in the last quarter. Rhumbline Advisers boosted its position 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 in the last quarter. California Public Employees Retirement System boosted its position in Colfax Corp. by 0.6% in the fourth quarter. California Public Employees Retirement System now owns 221,400 shares of the company’s stock valued at $5,170,000 after buying an additional 1,300 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Colfax Corp. by 3,744.4% in the fourth quarter. Bank of Montreal Can now owns 198,719 shares of the company’s stock valued at $4,640,000 after buying an additional 193,550 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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