In today’s session Colfax Corp (CFX) registered an unusually high (5,078) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious CFX increase. With 5,078 contracts traded and 75664 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: CFX170317C00032500 closed last at: $4.5 or 15.4% up. About 45,900 shares traded hands. Colfax Corp (NYSE:CFX) has risen 25.66% since April 11, 2016 and is uptrending. It has outperformed by 19.51% the S&P500.
Colfax Corp (NYSE:CFX) Ratings Coverage
Out of 13 analysts covering Colfax (NYSE:CFX), 5 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 38% are positive. $52 is the highest target while $21 is the lowest. The $29.45 average target is -18.24% below today’s ($36.02) stock price. Colfax has been the topic of 24 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, July 29 by Citigroup. The stock of Colfax Corp (NYSE:CFX) earned “Underweight” rating by Barclays Capital on Monday, October 5. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, October 28 report. The stock of Colfax Corp (NYSE:CFX) has “Perform” rating given on Friday, December 4 by Oppenheimer. Gabelli initiated it with “Hold” rating and $37 target price in Tuesday, March 29 report. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, October 15 report. The firm has “Equalweight” rating by Barclays Capital given on Monday, July 18. On Friday, December 11 the stock rating was upgraded by Cowen & Co to “Outperform”. BB&T Capital upgraded the shares of CFX in a report on Tuesday, May 17 to “Buy” rating. Citigroup initiated the shares of CFX in a report on Thursday, January 21 with “Sell” rating.
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.”
Insitutional Activity: The institutional sentiment increased to 1.35 in 2016 Q2. Its up 0.48, from 0.87 in 2016Q1. The ratio improved, as 23 funds sold all Colfax Corp shares owned while 55 reduced positions. 30 funds bought stakes while 75 increased positions. They now own 94.63 million shares or 3.42% less from 97.97 million shares in 2016Q1.
Fairfax Financial Hldgs Ltd Can holds 0.03% of its portfolio in Colfax Corp (NYSE:CFX) for 16,300 shares. Schwartz Invest Counsel has invested 0.86% of its portfolio in Colfax Corp (NYSE:CFX). Moreover, Susquehanna Limited Liability Partnership has 0% invested in Colfax Corp (NYSE:CFX) for 27,591 shares. Mizuho Trust Banking accumulated 25,778 shares or 0% of the stock. Tiaa Cref Inv Ltd Liability Corporation last reported 0.01% of its portfolio in the stock. Moreover, Fred Alger Management Inc has 0.02% invested in Colfax Corp (NYSE:CFX) for 131,279 shares. Jpmorgan Chase & Company last reported 1,694 shares in the company. Moreover, State Street has 0% invested in Colfax Corp (NYSE:CFX) for 1.21M shares. Teachers Retirement System Of The State Of Kentucky has 0.07% invested in the company for 188,300 shares. Moreover, Citigroup Incorporated has 0% invested in Colfax Corp (NYSE:CFX) for 812 shares. Loring Wolcott And Coolidge Fiduciary Advsrs Llp Ma last reported 8,985 shares in the company. Tcw Grp has 0.01% invested in the company for 26,981 shares. C M Bidwell reported 143,610 shares or 0.94% of all its holdings. Old West Inv Mngmt Ltd Liability Corp holds 1.67% or 86,353 shares in its portfolio. Moreover, Trexquant Inv L P has 0.08% invested in Colfax Corp (NYSE:CFX) for 22,600 shares.
Colfax Corporation is an industrial manufacturing and engineering company. The company has a market cap of $4.54 billion. The Firm provides gas and fluid-handling and fabrication technology services and products to commercial and governmental clients around the world under Howden, ESAB and Colfax Fluid Handling brand names. It has a 33.05 P/E ratio. The Company’s divisions include Gas and Fluid Handling, and Fabrication Technology.
CFX Company Profile
Colfax Corporation, incorporated on February 25, 1998, is an industrial manufacturing and engineering company. The Firm provides gas and fluid-handling and fabrication technology services and products to commercial and governmental clients around the world. The Company’s divisions include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid-handling systems, and controls and specialty valves, which serves clients in the power generation, oil, gas and petrochemical, mining, marine (including defense), and general industrial and other end markets. The Fabrication technology segment is a supplier of welding equipment and consumables, cutting equipment and consumables, and automated welding and cutting systems.
More important recent Colfax Corp (NYSE:CFX) news were published by: Nasdaq.com which released: “Colfax Corp Reaches Analyst Target Price” on October 03, 2016, also Fool.com published article titled: “Shares of Colfax Corporation Plunge 10% Despite Topping Estimates”, Realmoney.Thestreet.com published: “Colfax Corp.’s New CFO Has a Winning Record” on June 03, 2016. More interesting news about Colfax Corp (NYSE:CFX) was released by: Blogs.Wsj.com and their article: “CFO Moves: Colfax Corp., Nektar Therapeutics, Western Refining Logistics” with publication date: June 02, 2016.
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