Colfax Corporation (CFX) : Zacks Investment Research ranks Colfax Corporation (CFX) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.42, which indicates as a Buy.
Colfax Corporation (CFX) : The highest short term price target forecast on Colfax Corporation (CFX) is $36 and the lowest target price is $25. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $31 with a standard deviation of $3.78.
Also, Brokerage firm Citigroup maintains its rating on Colfax Corporation (NYSE:CFX). As per the latest information, the brokerage house raises the price target to $26 per share from a prior target of $25. The shares have been rated Sell. The rating by the firm was issued on July 29, 2016.
Colfax Corporation (NYSE:CFX): After opening at $28.13, the stock dipped to an intraday low of $27.95 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.98 and the buying power remained strong till the end. The stock closed at $28.76 for the day, a gain of 2.57% for the day session. The total traded volume was 667,985. The stocks close on the previous trading day was $28.04.
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.