Colfax (NYSE:CFX) will issue its quarterly earnings data before the market opens on Wednesday, February 13th. Analysts expect the company to announce earnings of $0.63 per share for the quarter.
Shares of NYSE:CFX opened at $25.12 on Wednesday. The company has a market cap of $2.96 billion, a PE ratio of 12.14, a P/E/G ratio of 0.68 and a beta of 1.62. Colfax has a one year low of $18.95 and a one year high of $37.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.83.
CFX has been the topic of several research reports. Morgan Stanley cut their price objective on shares of Colfax from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Tuesday, October 30th. ValuEngine lowered shares of Colfax from a “sell” rating to a “strong sell” rating in a report on Friday, October 19th. Oppenheimer reissued a “buy” rating and set a $37.00 price objective (down from $42.00) on shares of Colfax in a report on Thursday, October 25th. Zacks Investment Research lowered shares of Colfax from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $31.00 price objective on shares of Colfax in a report on Wednesday, December 19th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.93.
In other Colfax news, SVP Jason Maclean sold 1,120 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $29.06, for a total value of $32,547.20. Following the completion of the sale, the senior vice president now directly owns 9,716 shares in the company, valued at $282,346.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ian Brander sold 3,232 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $26.18, for a total transaction of $84,613.76. Following the completion of the sale, the chief executive officer now owns 26,136 shares of the company’s stock, valued at $684,240.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,445 shares of company stock valued at $665,390. 10.20% of the stock is owned by insiders.
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Colfax Corporation operates as a diversified industrial technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, and supplies heavy-duty centrifugal and axial fans, rotary heat exchangers, and gas compressors, as well as related products, systems, and services.
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