Stifel Nicolaus Reaffirms Their Buy Rating on Colfax Corp (CFX)
Stifel Nicolaus analyst Nathan Jones maintained a Buy rating on Colfax Corp (NYSE: CFX) today and set a price target of $40. The company’s shares closed on Friday at $35.43.
According to TipRanks.com, Jones is a 4-star analyst with an average return of 8.7% and a 63.3% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Illinois Tool Works, and Parker Hannifin.
Colfax Corp has an analyst consensus of Moderate Buy, with a price target consensus of $36.40.
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Based on Colfax Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $42.79 million. In comparison, last year the company had a net profit of $45.86 million.
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.