Stifel Nicolaus Maintains Their Buy Rating on Colfax Corp

In a report released today, Nathan Jones from Stifel Nicolaus maintained a Buy rating on Colfax Corp (NYSE: CFX), with a price target of $37. The company’s shares closed yesterday at $29.95, close to its 52-week low of $29.20.

According to TipRanks.com, Jones is a 4-star analyst with an average return of 5.9% and a 56.0% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Lincoln Electric Holdings, and Watts Water Technologies.

Colfax Corp has an analyst consensus of Moderate Buy, with a price target consensus of $37.17.

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Based on Colfax Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $881 million and quarterly net profit of $24.54 million. In comparison, last year the company earned revenue of $845 million and had a net profit of $38.54 million.

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.

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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.