KeyCorp Equities Analysts Increase Earnings Estimates for Colfax Corp (CFX)

Colfax Corp (NYSE:CFX) – Analysts at KeyCorp boosted their Q4 2017 EPS estimates for Colfax in a note issued to investors on Monday, Zacks Investment Research reports. KeyCorp analyst J. Hammond now anticipates that the industrial products company will earn $0.49 per share for the quarter, up from their prior estimate of $0.39. KeyCorp currently has a “Buy” rating and a $46.00 target price on the stock. KeyCorp also issued estimates for Colfax’s FY2018 earnings at $2.10 EPS.

A number of other research analysts have also commented on the company. Royal Bank of Canada reissued a “buy” rating and set a $44.00 price target on shares of Colfax in a report on Tuesday, November 7th. Zacks Investment Research lowered Colfax from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Robert W. Baird reissued a “buy” rating and set a $50.00 price target on shares of Colfax in a report on Friday, October 27th. Stifel Nicolaus reissued a “buy” rating and set a $44.00 price target on shares of Colfax in a report on Monday, December 11th. Finally, Cowen lowered Colfax from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Colfax has an average rating of “Buy” and an average price target of $45.80.

Colfax (NYSE:CFX) traded up $0.35 during mid-day trading on Thursday, reaching $41.76. The company’s stock had a trading volume of 375,354 shares, compared to its average volume of 766,408. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.80 and a quick ratio of 1.47. The company has a market capitalization of $5,140.00, a PE ratio of 33.68, a price-to-earnings-growth ratio of 1.59 and a beta of 1.26. Colfax has a 12 month low of $33.31 and a 12 month high of $43.29.

Colfax (NYSE:CFX) last posted its earnings results on Monday, November 6th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $844.50 million for the quarter, compared to analysts’ expectations of $901.09 million. Colfax had a return on equity of 6.26% and a net margin of 4.89%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share.

Large investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. grew its holdings in Colfax by 4,167.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 2,542 shares during the period. Toronto Dominion Bank acquired a new position in Colfax during the second quarter worth about $118,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Colfax by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 323 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Colfax by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 251 shares during the period. Finally, FNY Managed Accounts LLC acquired a new position in Colfax during the third quarter worth about $160,000. 74.86% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Daniel A. Pryor sold 53,333 shares of Colfax stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $38.15, for a total transaction of $2,034,653.95. Following the transaction, the executive vice president now directly owns 93,557 shares of the company’s stock, valued at $3,569,199.55. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 10.60% of the stock is owned by insiders.

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Colfax Company Profile

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides air and gas handling, and fabrication technology products and services. The Company’s segments include Air and Gas handling, and Fabrication Technology. The Air and Gas Handling segment supplies a range of gas handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket services.

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Earnings History and Estimates for Colfax (NYSE:CFX)

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