Colfax (CFX) Rating Reiterated by Oppenheimer
Colfax (NYSE:CFX)‘s stock had its “hold” rating restated by analysts at Oppenheimer in a report released on Thursday.
CFX has been the subject of several other reports. Zacks Investment Research upgraded Colfax from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Monday, October 9th. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 price target on shares of Colfax in a report on Wednesday, September 27th. Longbow Research upgraded Colfax from a “neutral” rating to a “buy” rating in a report on Tuesday, November 21st. Cowen lowered Colfax from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 18th. Finally, BidaskClub lowered Colfax from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $46.40.
Colfax (NYSE:CFX) traded down $0.23 during trading hours on Thursday, reaching $36.49. The company’s stock had a trading volume of 845,700 shares, compared to its average volume of 713,624. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. Colfax has a 52 week low of $33.31 and a 52 week high of $43.29. The stock has a market cap of $4,520.81, a PE ratio of 22.12, a PEG ratio of 2.31 and a beta of 1.30.
Colfax (NYSE:CFX) last released its earnings results on Monday, November 6th. The industrial products company reported $0.42 earnings per share for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $901.09 million. During the same quarter in the previous year, the business posted $0.39 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. sell-side analysts forecast that Colfax will post 1.71 EPS for the current year.
In other news, SVP Stephen Wittig sold 29,189 shares of Colfax stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $39.30, for a total transaction of $1,147,127.70. Following the completion of the sale, the senior vice president now directly owns 15,479 shares in the company, valued at approximately $608,324.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 10.60% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. M&T Bank Corp lifted its holdings in Colfax by 0.7% in the 2nd quarter. M&T Bank Corp now owns 5,510 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 41 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in Colfax by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,461 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 145 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 worth $145,000 after purchasing an additional 251 shares during the last quarter. US Bancorp DE lifted its holdings in Colfax by 0.9% in the 2nd quarter. US Bancorp DE now owns 27,185 shares of the industrial products company’s stock worth $1,070,000 after purchasing an additional 253 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 worth $139,000 after purchasing an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 74.83% of the company’s stock.
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Colfax Company Profile
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.
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