Colfax Corp (NYSE:CFX) CFO Christopher M. Hix sold 4,750 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $27.08, for a total value of $128,630.00. Following the completion of the transaction, the chief financial officer now owns 29,841 shares in the company, valued at approximately $808,094.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CFX opened at $27.02 on Friday. Colfax Corp has a 1-year low of $18.95 and a 1-year high of $37.05. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $3.20 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 0.85 and a beta of 1.64. The company has a 50 day simple moving average of $26.44.
Colfax (NYSE:CFX) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.04. Colfax had a return on equity of 8.16% and a net margin of 1.68%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business earned $0.48 earnings per share. Colfax’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts anticipate that Colfax Corp will post 2.58 EPS for the current fiscal year.
A number of equities research analysts have issued reports on the company. ValuEngine cut Colfax from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Raymond James reaffirmed a “buy” rating and set a $21.00 target price on shares of Colfax in a research report on Thursday, May 2nd. CIBC reaffirmed a “hold” rating and set a $15.00 target price on shares of Colfax in a research report on Friday, June 7th. Goldman Sachs Group assumed coverage on Colfax in a research report on Friday, April 5th. They set a “buy” rating and a $34.00 target price for the company. Finally, Longbow Research reaffirmed a “buy” rating and set a $38.00 target price on shares of Colfax in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. Colfax currently has an average rating of “Buy” and an average price target of $29.52.
Colfax Corporation operates as a diversified technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, installs, and maintains heavy-duty fans, rotary heat exchangers, blowers, and compressors.
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