Colfax Corporation (CFX) : Traders are bullish on Colfax Corporation (CFX) as it has outperformed the S&P 500 by a wide margin of 4.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.97%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.4% in the last 1 week, and is up 7.09% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Colfax Corporation (NYSE:CFX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.46 and $29.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.77, notching a gain of 1.60% for the day. The total traded volume was 774,467 . The stock had closed at $29.30 on the previous day.
The stock has recorded a 20-day Moving Average of 3.83% and the 50-Day Moving Average is 5.95%. Colfax Corporation is up 17.2% in the last 3-month period. Year-to-Date the stock performance stands at 27.49%.
Colfax Corporation (CFX) : The most positive equity analysts on Colfax Corporation (CFX) expects the shares to touch $36, whereas, the least positive believes that the stock will trade at $25 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $31 with an expected fluctuation of $3.78 from the mean.
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.