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Zacks Investment Research downgraded Colfax Corp (NYSE:CFX) to Sell in a statement released today.

Yesterday Colfax Corp (NYSE:CFX) traded 4.64% higher at $30.38. The company’s 50-day moving average is $29.80 and its 200-day moving average is $28.79. The last stock close price is up 5.74% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 858,856 shares of the stock were exchanged, up from an average trading volume of 746,295

Zacks Investment Research has downgraded Colfax Corp (NYSE:CFX) to Sell in a statement released on 09/28/2016.

Previously on 7/29/2016, Citigroup reported about Colfax Corp (NYSE:CFX) raised the target price from $25.00 to $26.00. At the time, this indicated a possible downside of -0.11%.

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Colfax Corp (NYSE:CFX)

Colfax Corp has a 52 week low of $18.22 and a 52 week high of $33.63 with a P/E ratio of 30.17 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 11 firms have reported 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, 1 firm rating the stock a underperform, and finally 1 firm rating the stock a sell.

About 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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