Stifel Nicolaus reaffirmed their buy rating on shares of Colfax (NYSE:CFX) in a report published on Monday morning. They currently have a $44.00 price target on the industrial products company’s stock.

Other analysts have also recently issued reports about the company. Royal Bank of Canada restated a buy rating and set a $44.00 price objective on shares of Colfax in a research report on Tuesday, November 7th. Robert W. Baird restated a buy rating and set a $50.00 price objective on shares of Colfax in a research report on Friday, October 27th. KeyCorp restated a buy rating and set a $46.00 price objective on shares of Colfax in a research report on Tuesday, September 26th. Cowen restated a buy rating and set a $50.00 price objective on shares of Colfax in a research report on Tuesday, September 26th. Finally, Argus restated a buy rating and set a $50.00 price objective on shares of Colfax in a research report on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $45.80.

Colfax (NYSE CFX) opened at $36.81 on Monday. The company has a quick ratio of 1.47, a current ratio of 1.80 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $4,530.66, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 2.16 and a beta of 1.26. Colfax has a 1 year low of $33.31 and a 1 year high of $43.29.

Colfax (NYSE:CFX) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $844.50 million for the quarter, compared to analysts’ expectations of $901.09 million. Colfax had a return on equity of 6.26% and a net margin of 4.89%. Colfax’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. equities analysts anticipate that Colfax will post 1.71 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. boosted its stake in Colfax by 4,167.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 2,542 shares in the last quarter. Toronto Dominion Bank acquired a new position in Colfax in the second quarter worth $118,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Colfax by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 323 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Colfax by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 251 shares in the last quarter. Finally, FNY Managed Accounts LLC acquired a new position in Colfax in the third quarter worth $160,000. 74.86% of the stock is currently owned by institutional investors and hedge funds.

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Colfax Company Profile

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.

Analyst Recommendations for Colfax (NYSE:CFX)

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