Impact of Brokerage Rating on Colfax Corporation(CFX)

Many Colfax Corporation(CFX) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Stifel on Feb 3, 2017 to Buy, Raises Price Target to $ 45 from a previous price target of $42 .Company shares were Upgraded by RBC Capital Mkts on Jan 13, 2017 to Outperform, Raises Price Target to $ 43 from a previous price target of $32 .

Company has reported several Insider transactions to the SEC, on Jan 4, 2017, Matthew L. Trerotola (President & CEO) sold 16,929 shares at 36.75 per share price.On Dec 6, 2016, Stephen Wittig (SVP – CBS & Supply Chain) sold 22,428 shares at 37.71 per share price.On Oct 3, 2016, A. Lynne Puckett (SVP, GC & Secretary) sold 21,037 shares at 31.00 per share price.

Colfax Corp Last issued its quarterly earnings results on Feb 2, 2017. The company reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.44. The company had revenue of $933.80 million for the quarter, compared to analysts expectations of $950.68 million. The companys revenue was down -12.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 EPS.

Colfax Corporation (NYSE:CFX) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.21 by 14 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 8 Brokerage Firms have advised hold.

Colfax Corporation (NYSE:CFX) should head towards $39.44 per share according to 9 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $28 per share. The higher price estimate target is at $46 according to the Analysts.

Colfax Corporation (NYSE:CFX) witnessed a decline in the market cap on Tuesday as its shares dropped 1.43% or 0.58 points. After the session commenced at $40.44, the stock reached the higher end at $40.44 while it hit a low of $39.79. With the volume soaring to 996,479 shares, the last trade was called at $39.89. The company has a 52-week high of $41.99. The company has a market cap of $4,898 million and there are 122,780,261 shares in outstanding. The 52-week low of the share price is $24.37.

Colfax Corporation is a global supplier of fluid handling products, including pumps, fluid handling systems and specialty valves. Its products serve a variety of applications in the commercial marine, oil and gas, power generation, global navy and general industrial markets and are sold worldwide primarily under the Allweiler, Fairmount, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and Zenith brands.


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