Raymond James reaffirmed their buy rating on shares of Colfax (NYSE:CFX) in a research note issued to investors on Monday, AnalystRatings.com reports. They currently have a $21.00 price target on the industrial products company’s stock.

Several other research analysts have also issued reports on the stock. Goldman Sachs Group assumed coverage on shares of Colfax in a research report on Friday, April 5th. They issued a buy rating and a $34.00 target price for the company. ValuEngine upgraded shares of Colfax from a strong sell rating to a sell rating in a research report on Thursday, March 21st. Longbow Research reiterated a buy rating and issued a $38.00 target price on shares of Colfax in a research report on Thursday, March 21st. Barclays upgraded shares of Colfax from an underweight rating to an equal weight rating and set a $28.70 target price for the company in a research report on Friday, March 15th. They noted that the move was a valuation call. Finally, Gabelli restated a buy rating on shares of Colfax in a research report on Thursday, February 14th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. Colfax currently has an average rating of Hold and an average target price of $31.28.

Shares of NYSE:CFX opened at $30.22 on Monday. Colfax has a 52-week low of $18.95 and a 52-week high of $37.05. The firm has a market capitalization of $3.57 billion, a P/E ratio of 13.08, a P/E/G ratio of 0.94 and a beta of 1.58. The company has a quick ratio of 1.22, a current ratio of 1.63 and a debt-to-equity ratio of 0.34.

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

In other Colfax news, SVP Lynn H. Clark sold 2,666 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $26.50, for a total transaction of $70,649.00. Following the completion of the sale, the senior vice president now directly owns 35,662 shares in the company, valued at $945,043. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ian Brander sold 4,260 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $27.01, for a total transaction of $115,062.60. Following the sale, the chief executive officer now owns 21,876 shares of the company’s stock, valued at $590,870.76. The disclosure for this sale can be found here. Corporate insiders own 12.00% of the company’s stock.

Large investors have recently modified their holdings of the company. Macquarie Group Ltd. bought a new position in shares of Colfax during the fourth quarter valued at about $27,000. Pinnacle Bank bought a new position in shares of Colfax during the fourth quarter valued at about $36,000. Toth Financial Advisory Corp bought a new position in shares of Colfax during the first quarter valued at about $128,000. SG Americas Securities LLC bought a new position in shares of Colfax during the fourth quarter valued at about $112,000. Finally, Group One Trading L.P. bought a new position in shares of Colfax during the fourth quarter valued at about $121,000. 79.99% of the stock is owned by hedge funds and other institutional investors.

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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