Colfax Corp (CFX) Gets a Buy Rating from Longbow Research
In a report released yesterday, Chris Dankert from Longbow Research maintained a Buy rating on Colfax Corp (CFX), with a price target of $38. The company’s shares closed yesterday at $29.25.
Dankert has an average return of 3.6% when recommending Colfax Corp.
According to TipRanks.com, Dankert is ranked #2191 out of 5248 analysts.
Colfax Corp has an analyst consensus of Moderate Buy, with a price target consensus of $30.20, implying a 3.2% upside from current levels. In a report issued on March 7, Cowen & Co. also maintained a Buy rating on the stock with a $34 price target.
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Based on Colfax Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $45.89 million. In comparison, last year the company had a GAAP net loss of $295 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.
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Colfax Corp. is an industrial manufacturing and engineering company, which engages in the provision of gas and fluid handling; and fabrication technology products and services to commercial and governmental customers. The firm operates its business through the following segments Air and Gas Handling; and Fabrication Technology.