Deutsche Bank Analysts Give Colfax (CFX) a $30.00 Price Target

Deutsche Bank set a $30.00 price objective on Colfax (NYSE:CFX) in a research note issued to investors on Friday morning. The brokerage currently has a hold rating on the industrial products company’s stock.

A number of other brokerages have also recently issued reports on CFX. Oppenheimer reissued a buy rating on shares of Colfax in a report on Thursday. Zacks Investment Research raised shares of Colfax from a hold rating to a buy rating and set a $38.00 price target on the stock in a report on Thursday, August 9th. MED began coverage on shares of Colfax in a report on Thursday, July 12th. They issued a hold rating and a $33.00 price target on the stock. Barclays upped their price target on shares of Colfax from $29.00 to $30.00 and gave the stock an underweight rating in a report on Wednesday, August 8th. Finally, Stifel Nicolaus upped their price target on shares of Colfax from $37.00 to $40.00 and gave the stock a buy rating in a report on Monday, October 8th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $35.49.

CFX stock traded up $0.27 during midday trading on Friday, reaching $27.83. 1,192,284 shares of the company’s stock traded hands, compared to its average volume of 864,525. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.81 and a quick ratio of 1.36. Colfax has a 52 week low of $26.25 and a 52 week high of $42.72. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.96 and a beta of 1.35.



Colfax (NYSE:CFX) last issued its earnings results on Thursday, October 25th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Colfax had a net margin of 3.03% and a return on equity of 6.86%. The business had revenue of $875.37 million for the quarter, compared to analysts’ expectations of $893.38 million. Equities research analysts anticipate that Colfax will post 2.25 EPS for the current year.

In other news, CEO Matthew L. Trerotola sold 20,488 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $33.32, for a total value of $682,660.16. Following the transaction, the chief executive officer now owns 266,746 shares of the company’s stock, valued at $8,887,976.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 10.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in Colfax by 31.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,034 shares of the industrial products company’s stock valued at $247,000 after acquiring an additional 1,917 shares during the last quarter. Brown Advisory Inc. increased its stake in Colfax by 3.1% in the first quarter. Brown Advisory Inc. now owns 74,252 shares of the industrial products company’s stock valued at $2,369,000 after acquiring an additional 2,266 shares during the last quarter. Royal Bank of Canada increased its stake in Colfax by 3.1% in the first quarter. Royal Bank of Canada now owns 90,748 shares of the industrial products company’s stock valued at $2,894,000 after acquiring an additional 2,709 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Colfax by 40.1% in the second quarter. State of Alaska Department of Revenue now owns 9,720 shares of the industrial products company’s stock valued at $297,000 after acquiring an additional 2,780 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Colfax by 182.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,874 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 3,150 shares during the last quarter. 78.70% of the stock is currently owned by institutional investors and hedge funds.

Colfax Company Profile

Colfax Corporation operates as a diversified industrial technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, and supplies heavy-duty centrifugal and axial fans, rotary heat exchangers, and gas compressors, as well as related products, systems, and services.

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Analyst Recommendations for Colfax (NYSE:CFX)

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