Stifel Nicolaus reiterated their buy rating on shares of Colfax Corporation (NYSE:CFX) in a research report sent to investors on Tuesday morning. They currently have a $50.00 target price on the industrial products company’s stock.

A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Colfax Corporation from a buy rating to a hold rating in a report on Monday, July 10th. Argus reiterated a buy rating and set a $50.00 target price on shares of Colfax Corporation in a report on Tuesday, August 29th. Wolfe Research started coverage on Colfax Corporation in a report on Tuesday, July 11th. They set a market perform rating for the company. KeyCorp upgraded Colfax Corporation from a sector weight rating to an overweight rating and set a $46.00 target price for the company in a report on Friday, August 25th. They noted that the move was a valuation call. Finally, Cowen and Company reiterated an outperform rating and set a $50.00 target price (up previously from $45.00) on shares of Colfax Corporation in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $46.50.

Colfax Corporation (NYSE:CFX) opened at 42.75 on Tuesday. The stock has a market cap of $5.26 billion, a P/E ratio of 33.63 and a beta of 1.32. Colfax Corporation has a 52 week low of $29.28 and a 52 week high of $42.93. The firm has a 50-day moving average price of $41.65 and a 200-day moving average price of $40.28.

Colfax Corporation (NYSE:CFX) last released its earnings results on Friday, July 28th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.43. The firm had revenue of $965.83 million during the quarter, compared to analysts’ expectations of $940.31 million. Colfax Corporation had a return on equity of 6.30% and a net margin of 4.35%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. On average, equities research analysts predict that Colfax Corporation will post $1.72 EPS for the current year.

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In other news, EVP Daniel A. Pryor sold 3,574 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $41.13, for a total value of $146,998.62. Following the completion of the transaction, the executive vice president now owns 40,224 shares in the company, valued at approximately $1,654,413.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stephen Wittig sold 29,189 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $39.30, for a total value of $1,147,127.70. Following the completion of the transaction, the senior vice president now owns 15,479 shares of the company’s stock, valued at approximately $608,324.70. The disclosure for this sale can be found here. Insiders sold a total of 33,202 shares of company stock valued at $1,312,182 in the last 90 days. 10.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CFX. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Colfax Corporation by 4,167.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 2,542 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of Colfax Corporation in the 2nd quarter valued at about $118,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Colfax Corporation by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 323 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Colfax Corporation by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 251 shares in the last quarter. Finally, M&T Bank Corp bought a new position in shares of Colfax Corporation in the 1st quarter valued at about $214,000. Institutional investors own 75.22% of the company’s stock.

About Colfax Corporation

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 Corporation (NYSE:CFX)

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