Can analysts adopt a bullish outlook for Colfax Corp (NYSE:CFX)?

June 19, 2017 - By Kurt Siggers

 Can analysts adopt a bullish outlook for Colfax Corp (NYSE:CFX)?
Investors sentiment increased to 1.14 in 2016 Q4. Its up 0.32, from 0.82 in 2016Q3. It increased, as 21 investors sold Colfax Corp shares while 66 reduced holdings. 40 funds opened positions while 59 raised stakes. 91.40 million shares or 3.03% less from 94.26 million shares in 2016Q3 were reported.
Goldman Sachs Gp reported 676,093 shares stake. Bankshares Of New York Mellon Corporation accumulated 343,357 shares. Seabridge Investment Advisors Ltd Co, a New Jersey-based fund reported 16,451 shares. Brown Brothers Harriman & has invested 0% in Colfax Corp (NYSE:CFX). Nomura Asset Com Limited holds 2,620 shares. Los Angeles Capital Mngmt And Equity invested in 0% or 16,895 shares. Northwestern Mutual Wealth Mgmt Co invested in 0% or 81 shares. Da Davidson & has 332 shares. D E Shaw Inc invested 0.01% of its portfolio in Colfax Corp (NYSE:CFX). Canada Pension Plan Inv Board owns 6,310 shares or 0% of their US portfolio. Kcg Inc has 0.01% invested in Colfax Corp (NYSE:CFX) for 11,796 shares. Raymond James Associates has 51,279 shares for 0% of their portfolio. 8,697 are owned by Eqis Capital Mgmt. State Street reported 0% of its portfolio in Colfax Corp (NYSE:CFX). Engineers Gate Manager L P holds 0.21% or 55,642 shares.

Colfax Corp (NYSE:CFX) Ratings Coverage

Among 15 analysts covering Colfax (NYSE:CFX), 8 have Buy rating, 2 Sell and 5 Hold. Therefore 53% are positive. Colfax has $52 highest and $21 lowest target. $33’s average target is -16.83% below currents $39.68 stock price. Colfax had 29 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by IBC with “Hold” on Thursday, May 25. The company was downgraded on Tuesday, July 28 by Argus Research. On Thursday, October 15 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. On Monday, October 5 the stock rating was downgraded by Barclays Capital to “Underweight”. The stock of Colfax Corp (NYSE:CFX) has “Equalweight” rating given on Wednesday, May 25 by Barclays Capital. The stock has “Sell” rating by Citigroup on Thursday, January 21. The stock of Colfax Corp (NYSE:CFX) earned “Equalweight” rating by Barclays Capital on Monday, July 18. The firm has “Buy” rating by BB&T Capital given on Tuesday, May 17. The stock has “Perform” rating by Oppenheimer on Friday, December 4. The stock of Colfax Corp (NYSE:CFX) earned “Outperform” rating by RBC Capital Markets on Friday, January 13. Below is a list of Colfax Corp (NYSE:CFX) latest ratings and price target changes.

25/05/2017 Broker: IBC Rating: Hold Maintain
18/05/2017 Broker: Credit Suisse Rating: Outperform New Target: $47.00 Initiates Coverage On
03/02/2017 Broker: Stifel Nicolaus Rating: Buy Old Target: $42 New Target: $45 Maintain
13/01/2017 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Outperform Old Target: $32 New Target: $43 Upgrade

It closed at $39.68 lastly. It is down 61.22% since June 19, 2016 and is uptrending. It has outperformed by 44.52% the S&P500.

Colfax Corporation is an industrial manufacturing and engineering company. The company has market cap of $4.91 billion. The Firm provides gas and fluid handling and fabrication technology services and products to clients around the world. It has a 33.98 P/E ratio. The Company’s divisions include Gas and Fluid Handling, and Fabrication Technology.

Another recent and important Colfax Corp (NYSE:CFX) news was published by Bizjournals.com which published an article titled: “Adding value to a company — and community” on February 24, 2017.

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