Oppenheimer upgraded shares of Colfax (NYSE:CFX) from a market perform rating to an outperform rating in a research report released on Tuesday morning, MarketBeat.com reports. The firm currently has $42.00 price objective on the industrial products company’s stock. The analysts noted that the move was a valuation call.

A number of other brokerages have also recently weighed in on CFX. Zacks Investment Research upgraded shares of Colfax from a hold rating to a buy rating and set a $38.00 price objective on the stock in a report on Thursday, August 9th. Deutsche Bank set a $33.00 price objective on shares of Colfax and gave the stock a hold rating in a report on Thursday, July 12th. MED initiated coverage on shares of Colfax in a report on Thursday, July 12th. They issued a hold rating and a $33.00 price objective on the stock. Bank of America cut shares of Colfax from a buy rating to an underperform rating and cut their price objective for the stock from $46.00 to $32.00 in a report on Monday, June 4th. Finally, Barclays increased their price target on shares of Colfax from $29.00 to $30.00 and gave the company an underweight rating in a report on Wednesday, August 8th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. Colfax currently has a consensus rating of Hold and a consensus target price of $36.53.

Shares of CFX opened at $35.52 on Tuesday. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.81. Colfax has a fifty-two week low of $28.80 and a fifty-two week high of $43.29.

Colfax (NYSE:CFX) last announced its quarterly earnings data on Monday, August 6th. The industrial products company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.09. The business had revenue of $925.29 million for the quarter, compared to analysts’ expectations of $939.07 million. Colfax had a net margin of 3.47% and a return on equity of 6.64%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. equities analysts predict that Colfax will post 2.25 earnings per share for the current year.

In other news, CEO Matthew L. Trerotola sold 20,488 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $33.32, for a total transaction of $682,660.16. Following the sale, the chief executive officer now owns 266,746 shares in the company, valued at $8,887,976.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 10.20% of the company’s stock.

Several large investors have recently bought and sold shares of CFX. Comerica Bank grew its holdings in shares of Colfax by 21.5% during the first quarter. Comerica Bank now owns 231,310 shares of the industrial products company’s stock valued at $7,559,000 after buying an additional 40,870 shares during the last quarter. Victory Capital Management Inc. lifted its position in Colfax by 17.9% during the first quarter. Victory Capital Management Inc. now owns 5,291,737 shares of the industrial products company’s stock valued at $168,806,000 after purchasing an additional 804,696 shares during the period. Swiss National Bank lifted its position in Colfax by 2.2% during the first quarter. Swiss National Bank now owns 160,700 shares of the industrial products company’s stock valued at $5,126,000 after purchasing an additional 3,500 shares during the period. Motley Fool Wealth Management LLC lifted its position in Colfax by 11.9% during the first quarter. Motley Fool Wealth Management LLC now owns 260,364 shares of the industrial products company’s stock valued at $8,306,000 after purchasing an additional 27,670 shares during the period. Finally, Academy Capital Management Inc. TX bought a new position in Colfax during the first quarter valued at approximately $5,413,000. Hedge funds and other institutional investors own 79.29% of the company’s stock.

About Colfax

Colfax Corporation operates as a diversified industrial technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, and supplies heavy-duty centrifugal and axial fans, rotary heat exchangers, and gas compressors, as well as related products, systems, and services.

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Analyst Recommendations for Colfax (NYSE:CFX)

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