Colfax Corporation (NYSE:CFX) registered a 3.90% increase, still its new closing price is 100.40% up from the company’s 1 year high of 40.22.It posted 1.30% gains in previous 5 sessions and is now the subject of 9 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 1 sells versus 3 buy or better ratings. The 16 stock analysts following this company have an average price target at $39.90, with individual PT in the $35.00-$44.00 range. The shares moved at $40.52, implying that brokerage firms see shares gaining about 96.13% in twelve months time.
Colfax Corporation (CFX) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 12.77% rise year to date. A President & CEO at Colfax Corporation (CFX) offloaded shares in a transaction closed on Tuesday January 03, 2017. Trerotola Matthew L. sold 16,929 shares in the company at $36.75 each and collected $622,000 in proceeds. Trerotola Matthew L. now owns 60,856 shares in the company after this transaction. A SVP – CBS & Supply Chain in the company, Wittig Stephen, disclosed a transaction on Friday December 02, 2016 that ended up generating $845,001 from the sale of 22,428 shares at $37.71 per share.
Colfax Corporation (NYSE:CFX) Upcoming Results on Tap
Colfax Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.42 in that period. Sales during the quarter are predicted to arrive at $826.42 million.
Earnings surprise history: Last quarter, the company posted approximately $879.2 million in revenue and EPS of $0.39. The mean forecast was for $892.33 million and $0.35 a share, respectively. One quarter earlier, revenue for the stock was at $957.25 million, with earnings at $0.41/share.
Colfax Corporation (CFX) Brokerage Update
Colfax Corporation (CFX) is in RBC Capital Mkts’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Sector Perform by RBC Capital Mkts, according to news reported on Friday January 13, 2017.Another important research note was issued by Argus on Monday November 14, 2016.The firm upgraded CFX to Buy from Hold. Over the last six months and over the last three months, the shares of Colfax Corporation (CFX), have changed 42.58% and 27.46%, respectively.