Analyst Rating Update on Colfax Corporation (CFX)

Colfax Corporation (CFX) has an average broker rating of 2.42, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Colfax Corporation (CFX) : Currently there are 8 street experts covering Colfax Corporation (CFX) stock. The most bullish and bearish price target for the stock is $36 and $25 respectively for the short term. The average price target of all the analysts comes to $31. The estimated standard deviation from the target is $3.78.

Company shares have received an average consensus rating of Hold for the current week


Colfax Corporation (NYSE:CFX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.31 and $28.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.58, notching a gain of 0.56% for the day. The total traded volume was 1,005,559 . The stock had closed at $28.42 on the previous day.

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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