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Longbow Research upgraded Colfax (NYSE:CFX) from Neutral to Buy in a report released today.

Longbow Research has upgraded Colfax (NYSE:CFX) from Neutral to Buy in a report released on Tuesday November 21, 2017.

Just yesterday Colfax (NYSE:CFX) traded 2.39% higher at $41.71. CFX’s 50-day average is $40.23 and its 200-day moving average is $39.62. The last closing price is up -2.48% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.01% over the same time. 188,067 shares of the stock were exchanged, down from an average trading volume of 806,714

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Colfax (NYSE:CFX)

Colfax has a 52 week low of $27.76 and a 52 week high of $42.75 with a P/E ratio of 30.40 The company’s market cap is currently $0.

In addition to Longbow Research reporting its target price, a total of 11 firms have issued a report on the stock. The consensus target price is $28.64 with 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, 12 firms rating the stock a hold, one analyst rating the company a underperform, and lastly one analyst rating the company a sell.

More About Colfax (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 customers around the world. The Company's segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, 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 supplies welding equipment and consumables, cutting equipment and consumables, and automated welding and cutting systems. It formulates, develops, manufactures and supplies consumable products and equipment.

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