Colfax Corporation (NYSE:CFX) has a beta value of 2.19 and has seen 2,110,797 shares traded in the last trading session. The company, currently valued at $5.91 Billion, closed the last trade at $43.66 per share which meant it lost -$1.53 on the day or -3.39% during that session. The CFX stock price is -15.12% off its 52-week high price of $50.26 and 54.12% above the 52-week low of $20.03. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.42 Million shares traded. The 3-month trading volume is 1.52 Million shares.
The consensus among analysts is that Colfax Corporation (CFX) is an Overweight stock at the moment, with a recommendation rating of 2.1. 2 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 18 have rated it as a Hold, with 12 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.52.
Colfax Corporation (NYSE:CFX) trade information
Despite being -3.39% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the CFX stock price touched $46.08- or saw a rise of 5.25%. Year-to-date, Colfax Corporation shares have moved 14.17%, while the 5-day performance has seen it change -2.98%. Over the past 30 days, the shares of Colfax Corporation (NYSE:CFX) have changed -1.58%. Short interest in the company has seen 14.57 Million shares shorted with days to cover at 9.59.
Wall Street analysts have a consensus price target for the stock at $52.94, which means that the shares’ value could jump 21.26% from current levels. The projected low price target is $44 while the price target rests at a high of $60. In that case, then, we find that the current price level is +37.43% off the targeted high while a plunge would see the stock lose 0.78% from current levels.
Colfax Corporation (CFX) estimates and forecasts
Figures show that Colfax Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained +60.34% over the past 6 months, with this year growth rate of 50.71%, compared to 16.7% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 477.8% and 39% for the next quarter. Revenue growth from the last financial year stood is estimated to be +17.3%.
14 analysts offering their estimates for the company have set an average revenue estimate of $904.05 Million for the current quarter. 13 have an estimated revenue figure of $902.66 Million for the next quarter concluding in September 01, 2021. Year-ago sales stood $620.36 Million for this quarter, and analysts expect sales will grow by 45.7% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -20.9% over the past 5 years. Earnings growth for 2021 is a modest +532.8% while over the next 5 years, the company’s earnings are expected to increase by 21.94%.
Colfax Corporation (NYSE:CFX)’s Major holders
Insiders own 12.63% of the company shares, while shares held by institutions stand at 88.88% with a share float percentage of 101.73%. Investors are also buoyed by the number of investors in a company, with Colfax Corporation having a total of 383 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 16.55 Million shares worth more than $632.73 Million. As of December 30, 2020, Price (T.Rowe) Associates Inc held 12.23% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 9.03 Million shares as of December 30, 2020. The firm’s total holdings are worth over $345.41 Million and represent 6.68% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) Mid Cap Growth Fund and iShares Core S&P Midcap ETF. As of December 30, 2020, the former fund manager holds about 6.1% shares in the company for having 8250000 shares of worth $315.48 Million while later fund manager owns 3.12 Million shares of worth $136.76 Million as of March 30, 2021, which makes it owner of about 2.31% of company’s outstanding stock.