In a report issued on October 25, Michael Halloran from Robert W. Baird reiterated a Buy rating on Colfax Corp (NYSE: CFX), with a price target of $35. The company’s shares opened today at $28.27, close to its 52-week low of $26.25.
According to TipRanks.com, Halloran is a 4-star analyst with an average return of 4.9% and a 53.3% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Emerson Electric Company, and Watts Water Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Colfax Corp with a $34.71 average price target, a 22.8% upside from current levels. In a report issued on October 25, Oppenheimer also maintained a Buy rating on the stock.
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The company has a one-year high of $42.38 and a one-year low of $26.25. Currently, Colfax Corp has an average volume of 719.8K.
Based on the recent corporate insider activity of 53 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 distributes its services through the Howden, ESAB, and Colfax Fluid Handling brand names.
