Analyst Rating Update on Colfax Corporation (CFX)

Colfax Corporation (NYSE:CFX) : The consensus on Colfax Corporation (NYSE:CFX) based on 14 analyst recommendation on the company stock is 2.36, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Colfax Corporation (NYSE:CFX) : 9 Wall Street analysts covering Colfax Corporation (NYSE:CFX) believe that the average level the stock could reach for the short term is $30.56. The maximum price target given is $36 and the minimum target for short term is around $25, hence the standard deviation is calculated at $4.22.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Barclays upgrades its rating on Colfax Corporation (NYSE:CFX). The rating major has initiated the coverage with equalweight rating on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. The rating by the firm was issued on May 25, 2016.

Colfax Corporation (NYSE:CFX): stock turned positive on Tuesday. Though the stock opened at $25.75, the bulls momentum made the stock top out at $26.005 level for the day. The stock recorded a low of $25.46 and closed the trading day at $25.78, in the green by 2.38%. The total traded volume for the day was 1,384,994. The stock had closed at $25.18 in the previous days trading.

In an insider trading activity,The director of Colfax Corp, Vinnakota Rajiv sold 2,038 shares at $27.31 on March 15, 2016. The Insider selling transaction had a total value worth of $55,658. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid-handling, and fabrication technology products and services to commercial and Governmental customers around the world under the Howden, ESAB and Colfax Fluid Handling brand names. The Companys segments include gas and fluid handling, and fabrication technology. The gas and fluid handling segment supplies a range of products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid-handling systems and controls and specialty valves, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets. Fabrication technology segment formulates, develops, manufactures and supplies consumable products and equipment for the cutting and joining of steels, aluminum, and other metals and metal alloys.

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