Morgan Stanley Sticks to Their Hold Rating for Colfax (CFX)

In a report released today, Joshua Pokrzywinski from Morgan Stanley maintained a Hold rating on Colfax (CFX), with a price target of $42.00. The company’s shares closed last Monday at $45.27.

According to, Pokrzywinski is a 4-star analyst with an average return of 8.2% and a 59.2% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Emerson Electric Company, and Honeywell International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Colfax with a $46.00 average price target, a 5.7% upside from current levels. In a report issued on February 19, Barclays also maintained a Hold rating on the stock with a $40.00 price target.

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Colfax’s market cap is currently $5.16B and has a P/E ratio of -808.80. The company has a Price to Book ratio of -3.26.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CFX in relation to earlier this year.

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Colfax Corp. operates as a diversified technology company that provides orthopedic care and fabrication technology products and services to customers. The firm operates its business through the following segments: Medical Technology; and Fabrication Technology. The Medical Technology segment develops, manufactures and distributes medical devices with a broad range of products used for rehabilitation, pain management and physical therapy. The Fabrication Technology develops, manufactures, and supplies consumable products and equipment. The company was founded by Mitchell P. Rales and Steven M. Rales in 1995 and is headquartered in Annapolis Junction, MD.

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