Oppenheimer Gives a Hold Rating to Colfax Corp

Oppenheimer analyst Jim Giannakouros assigned a Hold rating to Colfax Corp (NYSE: CFX) today. The company’s shares opened today at $32.53.

According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 6.6% and a 59.3% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Carlisle Companies Inc.

Colfax Corp has an analyst consensus of Moderate Buy, with a price target consensus of $37.

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The company has a one-year high of $43.29 and a one-year low of $29.03. Currently, Colfax Corp has an average volume of 673.1K.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2018, Daniel Pryor, the EVP, Strategy & Business Dev. of CFX bought 17,226 shares for a total of $375,010.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.