Colfax Corp. (NYSE:CFX)’s share price traded down 3% on Friday . The stock traded as low as $30.13 and last traded at $30.28, with a volume of 675,226 shares. The stock had previously closed at $31.23.

Several equities analysts have weighed in on the stock. Citigroup Inc. lifted their price objective on shares of Colfax Corp. from $25.00 to $26.00 and gave the stock a “sell” rating in a research report on Friday, July 29th. Barclays PLC restated an “equal weight” rating and set a $28.00 price target (up from $26.00) on shares of Colfax Corp. in a report on Monday, July 18th. Cowen and Company restated a “buy” rating on shares of Colfax Corp. in a report on Friday, June 10th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Colfax Corp. in a report on Wednesday, May 18th. Finally, BB&T Corp. upgraded shares of Colfax Corp. from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Tuesday, May 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Colfax Corp. presently has an average rating of “Hold” and a consensus target price of $30.17.

The stock has a market capitalization of $3.72 billion and a PE ratio of 30.07. The firm has a 50-day moving average price of $28.32 and a 200-day moving average price of $27.68.

Colfax Corp. (NYSE:CFX) last posted its earnings results on Thursday, July 28th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm earned $957.20 million during the quarter, compared to analyst estimates of $943.50 million. During the same quarter last year, the business posted $0.50 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities research analysts expect that Colfax Corp. will post $1.51 earnings per share for the current year.

A number of large investors recently bought and sold shares of the stock. US Bancorp DE boosted its stake in Colfax Corp. by 6,365.9% in the fourth quarter. US Bancorp DE now owns 44,162 shares of the company’s stock valued at $1,031,000 after buying an additional 43,479 shares in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, Royce & Associates LLC boosted its stake in Colfax Corp. by 117.0% in the fourth quarter. Royce & Associates LLC now owns 123,700 shares of the company’s stock valued at $2,888,000 after buying an additional 66,700 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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