Colfax Corporation (CFX) : Analyst Rating Update

Colfax Corporation (CFX) : The consensus on Colfax Corporation (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 (CFX) stock is expected to deviate a maximum of $4.22 from the average target price of $30.56 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $36 and the most muted being $25.

Colfax Corporation (NYSE:CFX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.53 and $25.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.31, notching a gain of 2.02% for the day. The total traded volume was 928,228 . The stock had closed at $25.79 on the previous day.

Also, Equity Analysts at the Brokerage Firm, Barclays, upgrades their rating on the shares of Colfax Corporation (NYSE:CFX). Barclays has a Equalweight rating on the shares. Previously, the analysts had a Underweight rating on the shares. The rating by the firm was issued on May 25, 2016. The company shares have dropped -41.19% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $44.82 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $27.45 and the 200 Day Moving Average price is recorded at $26.39.

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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