Colfax (NYSE:CFX) Has Just Had Its Target Cut by Stock Analysts at RBC Capital Markets to $26.00


Analysis: Colfax (NYSE:CFX) Price Target Change Today

In an analyst note revealed to investors and clients by RBC Capital Markets on 18 December, the firm, Colfax (NYSE:CFX), had their target downgraded to $26.00. Analusts presently have a solid “Sector Perform” rating on the stock.

From a total of 10 analysts covering Colfax (NYSE:CFX) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $33 while the lowest target price is $23. The mean of all analyst targets is $27.9 with a 33.14% above today’s ($22) stock price. Colfax was the topic of 13 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Cowen & Co upgraded shares on December 11 to “Outperform” rating. Stifel Nicolaus maintained CFX stock in a recent report from October 15 with “Buy” rating. Finally, Barclays Capital downgraded the stock to “Underweight” rating in a report issued on an October 5.

The stock decreased 5.25% or $1.22 during the last trading session, striking $22. Approximately 2.93 million shares of stock traded hands or 125.38% up from the average. Colfax Corp (NYSE:CFX) has declined 55.21% since May 15, 2015 and is downtrending. It has underperformed by 51.40% the S&P500.

The overall sentiment of institutions has decreased to 1.45 in Q2 2015. Its down 0.32, from 1.77 in 2015Q2. The ratio dropped, as 35 institutions have sold all the shares of Colfax Corp that they owned while 52 funds have taken shares off the table. 31 funds have purchased shares for the first time while 95 added to their positions. These institutions now hold 117.75 million shares or 5.92% more than the 111.17 million shares they owned in 2015Q2.

The Fund Bdt Capital Partners Llc currently is holding shares equating to 100% of its total portfolio in Colfax Corp representing a total of 11.05 million shares. Another fund,Bares Capital Management Inc., is holding a total of 5.33 million shares equating to 15.84% of their holdings. Additionally, Akre Capital Management Llc has a 7.03 million share stake in Colfax Corp which represents 4.88% of their total portfolio. The Fund, Lincoln Capital Llc, based out of Nebraska, has also built up a stake in the stock, which represents a total of 3.56% of their total portfolio. Finally Hound Partners Llc, a fund which is based in the state of New York reported a total holdings of 4.69 million shares.

Colfax Corporation is an industrial manufacturing and engineering company. The company has a market cap of $2.88 billion. The Firm provides gas and fluid-handling, and fabrication technology services and products to commercial and Governmental clients around the world under the Howden, ESAB and Colfax Fluid Handling brand names. It has 13.5 P/E ratio. The Company’s divisions include gas and fluid handling, and fabrication technology.

According to Zacks Investment Research, “Colfax Corporation is a global supplier of fluid handling products, including pumps, fluid handling systems and specialty valves. Its products serve a variety of applications in the commercial marine, oil and gas, power generation, global navy and general industrial markets and are sold worldwide primarily under the Allweiler, Fairmount, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and Zenith brands.”