Barclays upgraded shares of Colfax (NYSE:CFX) from an underweight rating to an equal weight rating in a report published on Friday, MarketBeat.com reports. Barclays currently has $28.70 price target on the industrial products company’s stock. The analysts noted that the move was a valuation call.

Several other brokerages have also recently weighed in on CFX. Oppenheimer reiterated a buy rating on shares of Colfax in a research report on Thursday, February 14th. Gabelli reiterated a buy rating on shares of Colfax in a research report on Thursday, February 14th. Raymond James reiterated a buy rating and set a $25.00 price target on shares of Colfax in a research report on Friday, February 22nd. CIBC reiterated an average rating and set a $20.00 price target on shares of Colfax in a research report on Monday, January 14th. Finally, Zacks Investment Research reiterated a buy rating and set a $22.00 price target on shares of Colfax in a research report on Monday, December 31st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $30.91.

Shares of CFX stock opened at $28.34 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.63 and a quick ratio of 1.22. The company has a market cap of $3.33 billion, a P/E ratio of 12.27, a P/E/G ratio of 0.83 and a beta of 1.56. Colfax has a twelve month low of $18.95 and a twelve month high of $37.05.

Colfax (NYSE:CFX) last announced its quarterly earnings results on Wednesday, February 13th. The industrial products company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. The company had revenue of $985.00 million during the quarter, compared to analysts’ expectations of $982.49 million. Colfax had a return on equity of 7.79% and a net margin of 3.82%. Colfax’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. As a group, equities analysts predict that Colfax will post 2.52 earnings per share for the current year.

In other news, CEO Matthew L. Trerotola sold 22,553 shares of the business’s stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $21.36, for a total value of $481,732.08. Following the completion of the sale, the chief executive officer now directly owns 244,193 shares in the company, valued at $5,215,962.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ian Brander sold 4,260 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $27.01, for a total value of $115,062.60. Following the completion of 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. Insiders sold 29,479 shares of company stock valued at $667,444 over the last 90 days. Company insiders own 10.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of CFX. Commonwealth Bank of Australia purchased a new stake in shares of Colfax during the third quarter worth approximately $396,000. Golub Group LLC increased its position in shares of Colfax by 2.1% during the third quarter. Golub Group LLC now owns 588,951 shares of the industrial products company’s stock worth $21,238,000 after purchasing an additional 11,897 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Colfax by 137.3% during the third quarter. Hsbc Holdings PLC now owns 36,697 shares of the industrial products company’s stock worth $1,322,000 after purchasing an additional 21,231 shares in the last quarter. Defender Capital LLC. purchased a new stake in shares of Colfax during the fourth quarter worth approximately $3,122,000. Finally, Stephens Inc. AR purchased a new stake in shares of Colfax during the fourth quarter worth approximately $1,898,000. Institutional investors and hedge funds own 79.83% of the company’s stock.

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.

Featured Article: What is a back-end load?

Analyst Recommendations for Colfax (NYSE:CFX)

Receive News & Ratings for Colfax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colfax and related companies with MarketBeat.com's FREE daily email newsletter.