Deutsche Bank set a $28.00 target price on Colfax (NYSE:CFX) in a report published on Wednesday morning, TipRanks reports. The brokerage currently has a hold rating on the industrial products company’s stock.
A number of other research firms also recently issued reports on CFX. Barclays dropped their price objective on shares of Pivotal Software from $23.00 to $21.00 and set an equal weight rating for the company in a report on Friday, March 15th. CIBC reaffirmed a hold rating on shares of Just Energy Group in a report on Friday, June 7th. Raymond James reaffirmed a buy rating and set a $21.00 price objective on shares of Colfax in a report on Thursday, May 2nd. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Finally, Goldman Sachs Group started coverage on shares of Colfax in a report on Friday, April 5th. They set a buy rating and a $34.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $28.81.
Shares of NYSE:CFX opened at $27.14 on Wednesday. The firm has a fifty day moving average price of $26.41. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.06 and a current ratio of 1.53. Colfax has a one year low of $18.95 and a one year high of $37.05. The company has a market cap of $3.19 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 0.86 and a beta of 1.64.
Colfax (NYSE:CFX) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. Colfax had a net margin of 1.68% and a return on equity of 8.16%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm earned $0.48 EPS. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Colfax will post 2.55 earnings per share for the current fiscal year.
In other Colfax news, CFO Christopher M. Hix sold 4,750 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $27.08, for a total value of $128,630.00. Following the completion of the sale, the chief financial officer now directly owns 29,841 shares of the company’s stock, valued at $808,094.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shyam Kambeyanda sold 11,764 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $26.27, for a total transaction of $309,040.28. Following the completion of the sale, the insider now directly owns 51,263 shares of the company’s stock, valued at $1,346,679.01. The disclosure for this sale can be found here. Insiders own 12.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Crossmark Global Holdings Inc. lifted its stake in Colfax by 9.4% in the second quarter. Crossmark Global Holdings Inc. now owns 14,410 shares of the industrial products company’s stock worth $404,000 after purchasing an additional 1,241 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Colfax in the fourth quarter worth $27,000. Bridges Investment Management Inc. lifted its stake in Colfax by 4.2% in the first quarter. Bridges Investment Management Inc. now owns 34,410 shares of the industrial products company’s stock worth $1,021,000 after purchasing an additional 1,400 shares during the last quarter. Stifel Financial Corp lifted its stake in Colfax by 13.7% in the fourth quarter. Stifel Financial Corp now owns 11,905 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 1,430 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in Colfax by 10.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 16,486 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 1,600 shares during the last quarter. 93.16% of the stock is owned by institutional investors and hedge funds.
Colfax Company Profile
Colfax Corporation operates as a diversified technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, installs, and maintains heavy-duty fans, rotary heat exchangers, blowers, and compressors.
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