Colfax Corporation (NYSE:CFX) went up by 3.76% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Specialty Industrial Machinery giant went up by $27.90 to trade ended Tuesday trading at $26.89. This is up from the $26.89 price recorded on Monday’s trading session. Thanks to this latest performance, CFX is closer to the higher price 52-week target of $50.00 and further from the lowest price target of $21.00. Its performance from the start of the year has also been negative, with CFX down by -23.31% year-to-date.
Colfax Corporation (CFX) started the day trading at $26.64 and recorded an intraday high of $28.05. It also recorded an intraday low of $26.64 during Tuesday’s trading session. Colfax Corporation is a very active stock that recorded a trading volume that is less than -2.38% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 1465183, which is less than -2.38 of the total average daily trading volume of 1.50 million.
Colfax Corporation (NYSE:CFX) 2020 Performance Impressive
The increase in CFX’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of CFX currently stands at $39.30, which is higher than the current trading price of the stock by 29.01%. However, CFX’s current trading price is -128.13% lower than the 52-week low price of $12.23. In terms of trading volume, Colfax Corporation currently experienced healthy participation during the last trading session. 1465183 shares of Colfax Corporation were traded on the stock exchange on Tuesday, which is less than -2.38% of the 1.50 million average trading volume of the stock.
The performance of the stock has been positive over the past year. CFX’s performance over the past one year has seen it surge by 1.05%, while the stock has gone down by -22.80% in the last six months. The quarterly performance of CFX currently stands at 40.91%, and it is down by -0.68% in the last month. The only positive figure was from the weekly performance, which currently reads 0.14%. At the time of writing CFX’s report, the company has a total market cap of $3.24B, making it one of the largest publicly-traded companies in the world.Colfax Corporation also has over 15000 employees all over the world.
CFX Insider Activities
The insider transactions over the past six months are up by 14.90%.For Colfax Corporation insiders bought 159,662 shares in 29 transactions. In that same period, insiders sold 39,535 of their shares in 4 transactions. After these transactions, insiders at Colfax Corporation now hold 19.62M shares, which is over 103.55% of the total company stocks. Institutional investors currently hold a large chunk of the CFX shares, as they control 16.58% of the company’s total stock.
CFX Fundamental Analysis
For Colfax Corporation, the stock’s diluted earnings per share (EPS) stands at 0.30. In the coming year, analysts expect the EPS to be 1.86. The EPS growth will up over the next five years to 6.82% after plunging by -54.10% in the previous five years. In terms of revenue, Colfax Corporation’s quarterly sales (YOY) is growing at 0.04, which is higher than the average annual revenue of -54.10% over the past half a decade.
The Return on Investment (ROI) on Colfax Corporation’s stock currently stands at 2.40%, and it has a net profit margin of -13.60%. The operating margin of the company is 6.20%, and its gross margin is 43.30%.
CFX Analysts Prediction
Analysts at BofA/Merrill believe that CFX is Neutral, and they have a price target of between $27 and $37. Goldman and Stifel also believe that Colfax Corporation’s stock is outperforming at the moment.
At the moment, Colfax Corporation’s Total Debt to Equity ratio stands at 0.77, and they have a long-term Debt to Equity ratio of 0.76.
CFX Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of CFX currently stands at -2.49%, while the SMA50 is 4.20%. The biggest one is the SMA200, which is currently reading -7.29% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 51.93, while its price to earnings ratio (P/E) is 91.78.