Zacks Investment Research downgraded Colfax Corp (NYSE:CFX) to Hold in a report released today.
- Updated: March 20, 2017
Yesterday Colfax Corp (NYSE:CFX) traded -0.86% lower at $39.25. The company’s 50-day moving average is $39.40 and its 200-day moving average is $35.19. The last stock close price is up 11.52% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the date range. Volume of trade was down over the average, with 141,541 shares of CFX changing hands under the typical 583,756
Zacks Investment Research has downgraded Colfax Corp (NYSE:CFX) to Hold in a report released on 3/20/2017.
On 02/20/2017, Zacks Investment Research released a statement for Colfax Corp (NYSE:CFX) bumped up the target price from $0.00 to $44.00 that indicated a possible upside of 0.11%.
With a total market value of $0, Colfax Corp has price-earnings ratio of 37.73 with a one year low of $24.62 and a 52 week high of $41.99 .
Also covering Colfax Corp's price target, a total of 11 brokerages have issued a ratings update on the company. The average stock price target is $28.64 with two equity analysts rating the company a strong buy, two firms rating the stock a buy, 12 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On 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 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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