Colfax Corp (NYSE:CFX) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 4, 2016
Having a price of $30.61, Colfax Corp (NYSE:CFX) traded -1.34% lower on the day. With the last close up 4.64% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Colfax Corp has recorded a 50-day average of $29.81 and a two hundred day average of $28.86. Volume of trade was up over the average, with 1,382,034 shares of CFX changing hands over the typical 711,417
Zacks Investment Research has downgraded Colfax Corp (NYSE:CFX) to Sell in a statement released on 10/04/2016.
With a total market value of $0, Colfax Corp has price-earnings ratio of 29.93 with a one year low of $18.22 and a one year high of $33.63 .
A total of 11 brokerages have issued a ratings update on the company. 2 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 12 brokerages rating the stock a hold, one analyst rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $28.64.
General Company Details For Colfax Corp (NYSE:CFX)
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world under Howden, ESAB and Colfax Fluid Handling brand names. The Company's segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid-handling systems and controls and specialty valves, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense), and general industrial and other end markets. The Fabrication technology segment develops, manufactures and supplies consumable products and equipment for the cutting and joining of steels, aluminum, and other metals and metal alloys.
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