Colfax Corporation (CFX): Currently traded at $30.57 on Tuesday, August 04


Colfax Corporation (NYSE:CFX) changes shares on Tuesday trading session, with a change of 0.49% or $0.15 shares. The trading starts at $30.20 and closed at $30.42 throughout the day. The trading session low price was $29.88 and day high was $30.92 on Tuesday, August 04. After the session, the Industrials sector daily volume shifted to 1.33 million while its average volume is 1.18M. In other hand, the CFX market cap reached to $3.72B. While, its current target price is $34.62.

On May 16, 2019, Colfax to sell air and gas unit in $1.8 billion deal to pay down debt. According to the news reported on Reuters, Welding and valves manufacturer Colfax Corp said on Thursday it had agreed to sell its air and gas handling unit to private equity firm KPS Capital Partners in a deal valued at $1.8 billion.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -0.10% and up 6.52% for month. Its quarterly performance was 26.79% above, while its half year performance is down -17.02%. CFX yearly performance stood at positive 23.72% and fall -15.97% for year-to-date. Current recommendation for Colfax Corporation is 2.10.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CFX EPS (TTM) for 12-month is 0.30. EPS for this year is -92.30%, while for the next year its value is 1.91. Sales growth for the current quarter is 14.74 while its EPS Q/Q reached 129.00%. It has an EPS of -54.10% down for past five years and for the next five years will be up 6.82%.

Let’s take a look on the analyst recommendations on CFX for the current month and previous month. For the current month, 11 of 17 analysts recommend stock as Buy while 1 as Sell, 1 as overweight, 0 as underweight and 4 as Hold. As compared with the previous month ratings, 17 analysts participate in stock recommendation. Out of 17, 1 rated it sell, 11 rated it as Buy and 3 as Hold Ratings. On the other hand, target price ranges from $23.00 – $50.00. Average target price for CFX was reached at $35.33.

Price (T.Rowe) Associates Inc, Cooke & Bieler, Inc and Vanguard Group, Inc. (The) are the top three holders in Colfax Corporation (CFX) stock. On Mar 30, 2020, Price (T.Rowe) Associates Inc has 16.56 million shares which valued 327.9 million. On Mar 30, 2020, Cooke & Bieler, Inc owned 9.41 million shares which valued at 186.37 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 8.2 million shares which valued at 162.46 million. In the end, Vanguard Group, Inc. (The) have 6.93% shares outstanding of Colfax Corporation (CFX) on Mar 30, 2020. The insider ownership moved to 2.40%.

The company posted an EPS (TTM) of 0.30. According to the most recent quarter report on (Jun 2020), 15 analysts estimated an average EPS of 0.05, while 0.54 EPS posted a year ago period. Analyst Estimated EPS for CFX published in the report was -$0.01 – $0.09 during the same period. Comparing with last year, the average estimated EPS was 0.54 which is higher than 0.38 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CFX rise 1.05% for period of 200 days. SMA for 50 days was 4.91% which is showing green signal, while SMA-20 was 1.19%. The moving average value for Colfax Corporation (CFX) is 28.22 and 29.18 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CFX stock. On Jul 27, Trerotola Matthew L., President & CEO, sold 19,481 trading shares at the cost of $30.83, which valued at 0.6 million. On Jul 02, Hix Christopher M, EVP, Chief Financial Officer, sold 6,719 shares at the cost of $28.24, with total shares of 63,932. On Jun 15, Vinnakota Rajiv, Director, sold 1,800 shares at the cost of 27.44. After this transaction, Vinnakota Rajiv total shares reached to 21,888 which valued at 49392.0.