Colfax Corp (NYSE:CFX) has earned an average rating of “Hold” from the twenty-one analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $31.61.

A number of brokerages recently weighed in on CFX. Longbow Research reiterated a “buy” rating and issued a $38.00 target price on shares of Colfax in a report on Thursday, March 21st. ValuEngine upgraded Colfax from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 21st. Barclays upgraded Colfax from an “underweight” rating to an “equal weight” rating and set a $28.70 price objective on the stock in a report on Friday, March 15th. They noted that the move was a valuation call. Raymond James reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Colfax in a research note on Friday, February 22nd. Finally, Gabelli reaffirmed a “buy” rating on shares of Colfax in a research note on Thursday, February 14th.

In other news, CEO Ian Brander sold 4,260 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $27.01, for a total value of $115,062.60. Following the completion of the sale, the chief executive officer now owns 21,876 shares in the company, valued at $590,870.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Lynn H. Clark sold 2,666 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $26.50, for a total value of $70,649.00. Following the completion of the sale, the senior vice president now owns 35,662 shares of the company’s stock, valued at approximately $945,043. The disclosure for this sale can be found here. Company insiders own 10.20% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Triad Investment Management grew its position in Colfax by 45.8% in the first quarter. Triad Investment Management now owns 140,251 shares of the industrial products company’s stock valued at $4,163,000 after acquiring an additional 44,053 shares in the last quarter. CenturyLink Investment Management Co purchased a new position in shares of Colfax in the first quarter valued at $1,226,000. Pinnacle Bank acquired a new stake in Colfax during the 4th quarter valued at $36,000. Geode Capital Management LLC grew its holdings in Colfax by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 938,320 shares of the industrial products company’s stock valued at $19,610,000 after purchasing an additional 90,429 shares in the last quarter. Finally, Norges Bank acquired a new stake in Colfax during the 4th quarter valued at $10,494,000. Institutional investors and hedge funds own 80.14% of the company’s stock.

Shares of CFX opened at $29.98 on Wednesday. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 0.95 and a beta of 1.58. Colfax has a fifty-two week low of $18.95 and a fifty-two week high of $37.05. The company has a current ratio of 1.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.34.

Colfax (NYSE:CFX) last released its quarterly earnings data on Wednesday, February 13th. The industrial products company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $985.00 million during the quarter, compared to the consensus estimate of $982.49 million. Colfax had a return on equity of 7.79% and a net margin of 3.82%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. Sell-side analysts forecast that Colfax will post 2.6 earnings per share for the current fiscal year.

About Colfax

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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