Deutsche Bank set a $28.00 price target on Colfax (NYSE:CFX) in a report released on Wednesday morning, TipRanks reports. The brokerage currently has a hold rating on the industrial products company’s stock.
CFX has been the topic of several other research reports. Goldman Sachs Group started coverage on shares of Colfax in a research report on Friday, April 5th. They issued a buy rating and a $34.00 price target on the stock. Morgan Stanley raised their price target on shares of Williams-Sonoma from $52.00 to $56.00 and gave the company an underweight rating in a research report on Wednesday. Barclays dropped their price target on shares of Pivotal Software from $23.00 to $21.00 and set an equal weight rating on the stock in a research report on Friday, March 15th. Raymond James reaffirmed a buy rating and issued a $21.00 price target on shares of Colfax in a research report on Thursday, May 2nd. Finally, Longbow Research reaffirmed a sell rating and issued a $14.00 price target on shares of Goodyear Tire & Rubber in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. Colfax currently has a consensus rating of Buy and a consensus target price of $28.81.
CFX stock opened at $27.14 on Wednesday. The company has a market cap of $3.19 billion, a PE ratio of 11.75, a PEG ratio of 0.86 and a beta of 1.64. The stock’s 50-day moving average is $26.41. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 1.12. Colfax has a 1 year low of $18.95 and a 1 year high of $37.05.
In other Colfax news, CFO Christopher M. Hix sold 4,750 shares of Colfax stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $27.08, for a total transaction of $128,630.00. Following the transaction, the chief financial officer now owns 29,841 shares of the company’s stock, valued at approximately $808,094.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shyam Kambeyanda sold 11,764 shares of Colfax stock in a transaction that occurred 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 transaction, the insider now directly owns 51,263 shares in the company, valued at approximately $1,346,679.01. The disclosure for this sale can be found here. 12.00% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. bought a new position in shares of Colfax during the 4th quarter worth approximately $27,000. Pinnacle Bank bought a new position in shares of Colfax during the 4th quarter worth approximately $36,000. Quadrant Capital Group LLC lifted its position in shares of Colfax by 264.3% during the 1st quarter. Quadrant Capital Group LLC now owns 2,211 shares of the industrial products company’s stock worth $63,000 after buying an additional 1,604 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in shares of Colfax during the 2nd quarter worth approximately $83,000. Finally, Toth Financial Advisory Corp bought a new position in shares of Colfax during the 1st quarter worth approximately $128,000. 93.16% of the stock is currently owned by hedge funds and other 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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