Brokerage Firm Rating Update on Colfax Corporation (CFX)

Colfax Corporation (CFX) : 3 brokerage houses believe that Colfax Corporation (CFX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Colfax Corporation (CFX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 2.42.

Colfax Corporation (CFX) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $36 and the lowest price target forecast is $25. The average forecast of all the analysts is $31 and the expected standard deviation is $3.78.


Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Citigroup maintains its ratings on Colfax Corporation (NYSE:CFX). In the latest research report, Citigroup raises the target price from $25 per share to $26 per share. According to the latest information available, the shares are now rated Sell by the analysts at the agency. The rating by the firm was issued on July 29, 2016.

Colfax Corporation (NYSE:CFX): The stock opened at $29.68 and touched an intraday high of $30.31 on Wednesday. During the day, the stock corrected to an intraday low of $29.61, however, the bulls stepped in and pushed the price higher to close in the green at $30.17 with a gain of 1.31% for the day. The total traded volume for the day was 868,236. The stock had closed at $29.78 in the previous trading session.

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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