TOday’s Movers: Colfax (NYSE:CFX) Stock Rating Kept at Barclays; $30 Target Price Indicates -9.86 % Potential

August 9, 2018 - By Robert Shackelford

Investors sentiment increased to 0.88 in 2018 Q1. Its up 0.21, from 0.67 in 2017Q4. It increased, as 28 investors sold Colfax Corporation shares while 60 reduced holdings. 27 funds opened positions while 50 raised stakes. 88.80 million shares or 4.76% less from 93.24 million shares in 2017Q4 were reported.

Motley Fool Wealth Management Ltd has invested 0.61% in Colfax Corporation (NYSE:CFX). Academy Mngmt Tx invested 1.5% of its portfolio in Colfax Corporation (NYSE:CFX). Geode Cap Mngmt Limited Liability Company reported 0.01% in Colfax Corporation (NYSE:CFX). Credit Suisse Ag stated it has 0% of its portfolio in Colfax Corporation (NYSE:CFX). California Pub Employees Retirement invested in 0.01% or 231,427 shares. Weitz Investment owns 1.64M shares. Metropolitan Life Ins Ny owns 2,557 shares. Federated Investors Pa holds 0% of its portfolio in Colfax Corporation (NYSE:CFX) for 33,579 shares. Barrow Hanley Mewhinney Strauss Limited Liability reported 1.51 million shares. Morgan Stanley reported 21,190 shares stake. Peak6 Investments L P has invested 0% in Colfax Corporation (NYSE:CFX). Employees Retirement Sys Of Ohio invested 0.01% in Colfax Corporation (NYSE:CFX). Beese Fulmer Invest Mgmt invested in 0.38% or 54,376 shares. California State Teachers Retirement Systems has invested 0.01% in Colfax Corporation (NYSE:CFX). Teacher Retirement Systems Of Texas accumulated 20,447 shares or 0% of the stock.

Colfax (NYSE:CFX) Rating Reaffirmed

Colfax (NYSE:CFX) just had their share rating of a ‘”Underweight”‘ issued by research analysts at Barclays, who now has a $30 TP on the $3.96 billion market cap company or a -9.86 % downside potential. This key information was revealed in analysts note on Wednesday morning.

Colfax Corporation (NYSE:CFX) Ratings Coverage

Among 9 analysts covering Colfax Corp (NYSE:CFX), 3 have Buy rating, 3 Sell and 3 Hold. Therefore 33% are positive. Colfax Corp has $43.0 highest and $28 lowest target. $35’s average target is 5.17% above currents $33.28 stock price. Colfax Corp had 13 analyst reports since February 11, 2018 according to SRatingsIntel. The firm earned “Sector Perform” rating on Friday, May 4 by RBC Capital Markets. The firm earned “Hold” rating on Thursday, July 12 by Deutsche Bank. The firm has “Hold” rating by Cowen & Co given on Wednesday, March 14. The rating was maintained by Robert W. Baird with “Outperform” on Tuesday, August 7. The firm has “Overweight” rating given on Friday, May 4 by KeyBanc Capital Markets. Citigroup maintained Colfax Corporation (NYSE:CFX) on Friday, May 4 with “Sell” rating. The rating was downgraded by Bank of America on Monday, June 4 to “Sell”. The firm earned “Buy” rating on Sunday, February 11 by RBC Capital Markets. The firm has “Underweight” rating by Barclays Capital given on Wednesday, August 8. As per Wednesday, April 4, the company rating was maintained by Robert W. Baird.

The stock decreased 1.33% or $0.45 during the last trading session, reaching $33.28. About 521,593 shares traded. Colfax Corporation (NYSE:CFX) has declined 21.35% since August 9, 2017 and is downtrending. It has underperformed by 33.92% the S&P500.

Colfax Corporation, an industrial manufacturing and engineering company, provides gas and fluid handling, and fabrication technology services and products worldwide. The company has market cap of $3.96 billion. The firm operates through two divisions, Gas and Fluid Handling, and Fabrication Technology. It has a 33.72 P/E ratio. The Gas and Fluid Handling segment designs, makes, supplies, installs, and maintains heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid handling systems, controls, and specialty valves.

More recent Colfax Corporation (NYSE:CFX) news were published by: Benzinga.com which released: “Earnings Scheduled For August 6, 2018” on August 06, 2018. Also Globenewswire.com published the news titled: “Colfax Reports Second Quarter 2018 Results” on August 06, 2018. Seekingalpha.com‘s news article titled: “Colfax Corporation 2018 Q2 – Results – Earnings Call Slides” with publication date: August 06, 2018 was also an interesting one.

Colfax Corporation (NYSE:CFX) Institutional Positions Chart

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