CIBC Reiterates “Hold” Rating for Colfax (NYSE:CFX)

CIBC reissued their hold rating on shares of Colfax (NYSE:CFX) in a research note published on Friday morning, AnalystRatings.com reports. They currently have a $15.00 target price on the industrial products company’s stock.

A number of other research firms also recently issued reports on CFX. Oppenheimer reissued a buy rating on shares of Colfax in a report on Thursday, February 14th. Raymond James reaffirmed a buy rating and set a $21.00 price target on shares of Colfax in a report on Monday, April 22nd. Gabelli reaffirmed a buy rating on shares of Colfax in a report on Thursday, February 14th. ValuEngine downgraded shares of Colfax from a sell rating to a strong sell rating in a report on Wednesday, May 8th. Finally, Longbow Research reaffirmed a buy rating and set a $38.00 price target on shares of Colfax in a report on Thursday, March 21st. One analyst has 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 an average rating of Buy and an average target price of $29.52.

NYSE CFX opened at $27.00 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61. Colfax has a 12-month low of $18.95 and a 12-month high of $37.05.



Colfax (NYSE:CFX) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.04. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.04 billion. Colfax had a net margin of 1.68% and a return on equity of 8.16%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, research analysts forecast that Colfax will post 2.58 EPS for the current fiscal year.

In other news, insider Shyam Kambeyanda sold 11,764 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were 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 owns 51,263 shares of the company’s stock, valued at approximately $1,346,679.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. bought a new position in Colfax in the 4th quarter valued at approximately $27,000. Pinnacle Bank bought a new position in Colfax in the 4th quarter valued at approximately $36,000. Quadrant Capital Group LLC lifted its stake in Colfax by 264.3% in the 1st quarter. Quadrant Capital Group LLC now owns 2,211 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 1,604 shares during the last quarter. SEI Investments Co bought a new position in Colfax in the 1st quarter valued at approximately $79,000. Finally, SG Americas Securities LLC bought a new position in Colfax in the 4th quarter valued at approximately $112,000. 93.31% of the stock is owned by institutional investors.

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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Analyst Recommendations for Colfax (NYSE:CFX)

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