Were Analysts Bearish Colfax Corporation (NYSE:CFX) This Week?

October 13, 2018 - By Hazel Jackson

Investors sentiment increased to 1.07 in Q2 2018. Its up 0.19, from 0.88 in 2018Q1. It improved, as 22 investors sold Colfax Corporation shares while 54 reduced holdings. 21 funds opened positions while 60 raised stakes. 88.99 million shares or 0.21% more from 88.80 million shares in 2018Q1 were reported.
Earnest Partners Ltd Liability Company has invested 0% in Colfax Corporation (NYSE:CFX). Veritable Lp has 12,096 shares for 0.01% of their portfolio. Strs Ohio invested 0.06% of its portfolio in Colfax Corporation (NYSE:CFX). Nelson Van Denburg Campbell Wealth Mgmt Group Limited Co has invested 0.09% in Colfax Corporation (NYSE:CFX). Dimensional Fund Lp, a Texas-based fund reported 3.02 million shares. Fmr Ltd Liability reported 1.43 million shares. Moreover, Piedmont Advsrs Ltd Liability Company has 0% invested in Colfax Corporation (NYSE:CFX). Citadel Advsrs Ltd Liability has invested 0% in Colfax Corporation (NYSE:CFX). Davenport And Communication Ltd Company owns 0.3% invested in Colfax Corporation (NYSE:CFX) for 793,241 shares. Moreover, Victory Capital Management Inc has 0.26% invested in Colfax Corporation (NYSE:CFX) for 4.04M shares. Eqis Mngmt Inc reported 14,903 shares stake. Van Den Berg Mngmt I invested 3.5% of its portfolio in Colfax Corporation (NYSE:CFX). 10,197 were reported by Keybank Natl Association Oh. Michigan-based Comerica Bancshares has invested 0.05% in Colfax Corporation (NYSE:CFX). D E Shaw & Inc owns 80,637 shares.

Colfax Corporation (NYSE:CFX) Ratings Coverage

Among 11 analysts covering Colfax (NYSE:CFX), 5 have Buy rating, 3 Sell and 3 Hold. Therefore 45% are positive. Colfax had 13 analyst reports since May 4, 2018 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Monday, October 8 with “Buy”. The firm earned “Overweight” rating on Friday, May 4 by KeyBanc Capital Markets. The stock of Colfax Corporation (NYSE:CFX) earned “Sell” rating by Citigroup on Friday, May 4. Cowen & Co upgraded the stock to “Outperform” rating in Friday, August 17 report. Barclays Capital maintained the stock with “Underweight” rating in Wednesday, August 8 report. The rating was maintained by Deutsche Bank on Thursday, July 12 with “Hold”. The company was maintained on Tuesday, August 7 by Robert W. Baird. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, May 4. The stock of Colfax Corporation (NYSE:CFX) has “Hold” rating given on Friday, September 28 by Deutsche Bank. The stock of Colfax Corporation (NYSE:CFX) has “Sell” rating given on Monday, June 4 by Bank of America. Below is a list of Colfax Corporation (NYSE:CFX) latest ratings and price target changes.

08/10/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $37 New Target: $40 Maintain
28/09/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $36 New Target: $38 Maintain
04/09/2018 Broker: Oppenheimer Old Rating: Perform New Rating: Outperform Upgrade
21/08/2018 Broker: Morgan Stanley Rating: Equal-Weight New Target: $34 Initiates Coverage On
17/08/2018 Broker: Cowen & Co Old Rating: Market Perform New Rating: Outperform Upgrade
08/08/2018 Broker: Barclays Capital Old Rating: Underweight New Rating: Underweight Old Target: $29 New Target: $30 Maintain
07/08/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Outperform Old Target: $36 New Target: $38 Maintain
12/07/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold New Target: $33 Maintain
04/06/2018 Broker: Bank of America Rating: Sell New Target: $32.0000 Downgrade
04/05/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $44 New Target: $40 Maintain

The stock increased 0.69% or $0.22 during the last trading session, reaching $32.29. About 673,845 shares traded or 0.60% up from the average. Colfax Corporation (NYSE:CFX) has declined 15.95% since October 13, 2017 and is downtrending. It has underperformed by 31.57% 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 $3.84 billion. The firm operates through two divisions, Gas and Fluid Handling, and Fabrication Technology. It has a 32.58 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.

Another recent and important Colfax Corporation (NYSE:CFX) news was published by Globenewswire.com which published an article titled: “Colfax Schedules Third Quarter 2018 Earnings Release and Conference Call” on October 05, 2018.

Colfax Corporation (NYSE:CFX) Institutional Positions Chart

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