Economy

KeyCorp Equities Analysts Increase Earnings Estimates for Colfax Corp (CFX)

KeyCorp Equities Analysts Increase Earnings Estimates for Colfax Corp (CFX)

Victory Capital Management Inc. now owns 2,897,556 shares of the industrial products company's stock valued at $120,655,000 after purchasing an additional 1,306,927 shares during the last quarter. The institutional investor held 30,393 shares of the consumer services company at the end of 2017Q3, valued at $562,000, up from 5,412 at the end of the previous reported quarter. The stock increased 2.20% or $0.72 during the last trading session, reaching $33.49. About 375,354 shares traded. Host Hotels & Resorts, Inc. AT&T Inc. (NYSE:T) has declined 0.52% since January 13, 2017 and is downtrending. It has outperformed by 7.02% the S&P500.

Clint Murray decreased its stake in Colfax Corp (Call) (CFX) by 61.39% based on its latest 2017Q3 regulatory filing with the SEC. Lodge Hill Capital Llc sold 148,660 shares as the company's stock rose 1.39% with the market. The institutional investor held 1.55 million shares of the precious metals company at the end of 2017Q3, valued at $3.40M, up from 650,000 at the end of the previous reported quarter. Investec Asset Management North America Inc who had been investing in Ternium Sa for a number of months, seems to be bullish on the $6.57B market cap company. The stock decreased 0.03% or $0.01 during the last trading session, reaching $29.11. About 31.18M shares traded. It is down 0.00% since January 13, 2017 and is. It has outperformed by 44.52% the S&P500. Colfax now has an average rating of "Buy" and an average price target of $45.80. Therefore 34% are positive. As per Sunday, December 10, the company rating was maintained by Stifel Nicolaus. The firm has "Hold" rating given on Tuesday, July 28 by Argus Research. The rating was upgraded by Barclays Capital to "Equalweight" on Wednesday, May 25. (NYSE:T) earned "Neutral" rating by Goldman Sachs on Monday, July 27. The company was maintained on Friday, July 28 by Boenning & Scattergood. Deutsche Bank maintained Williams-Sonoma, Inc. The rating was reinitiated by UBS on Thursday, March 23 with "Buy".

Analysts at KeyCorp boosted their Q4 2017 EPS estimates for Colfax in a note issued to investors on Monday, Zacks Investment Research reports. Its down 0.35, from 1.45 in 2017Q2. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Colfax by 10.1% in the 2nd quarter. 24,932 were accumulated by Investment Advsrs Limited Liability Company. (NYSE:NSP). Ameritas Inv Ptnrs has invested 0.01% in Insperity, Inc. Carroll Fincl Assoc holds 0.27% in AT&T Inc. Commonwealth Equity Inc holds 0.01% or 32,633 shares. The Ohio-based Cleararc Capital has invested 0.05% in Host Hotels & Resorts, Inc. The New Jersey-based Mercer Cap Advisers has invested 0.38% in United Technologies Corporation (NYSE:UTX). (NYSE:HST). Renaissance Technologies Ltd Liability owns 87,065 shares. Scotia reported 244,969 shares. Sei has invested 0.12% in Host Hotels & Resorts, Inc. Alliancebernstein Lp holds 0% or 56,200 shares. First Quadrant L P Ca reported 3,900 shares or 0% of all its holdings. It also reduced its holding in Utilities Select Sector Spdr Fund (XLU) by 29,721 shares in the quarter, leaving it with 58,594 shares, and cut its stake in Vanguard Index Fds (VOO). California Public Employees Retirement System owned 0.18% of Colfax worth $9,462,000 at the end of the most recent reporting period. It also increased its holding in Suncor Energy Inc New (NYSE:SU) by 16,250 shares in the quarter, for a total of 276,031 shares, and has risen its stake in Raytheon Co (NYSE:RTN). During the same period previous year, the company posted $0.39 EPS. CFX's profit will be $57.87 million for 21.86 P/E if the $0.47 EPS becomes a reality. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Therefore 18% are positive.

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On average, analysts expect that Colfax will report full year sales of $903.54 million for the current fiscal year, with estimates ranging from $3.30 billion to $3.59 billion. Finally, Cowen lowered Colfax from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 18th. The stock has "Hold" rating by IBC on Thursday, May 25. The rating was maintained by RBC Capital Markets with "Buy" on Tuesday, November 7. (NYSE:T) has "Sector Weight" rating given on Tuesday, January 2 by KeyBanc Capital Markets. The company was maintained on Monday, September 21 by Macquarie Research. The firm earned "Buy" rating on Friday, September 23 by DA Davidson. As per Thursday, October 15, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Monday, July 10 with "Buy".

Investors sentiment decreased to 1.06 in 2017 Q3. Its up 0.02, from 1.15 in 2017Q2. It worsened, as 25 investors sold CFX shares while 71 reduced holdings. Capital Fund Management S.A. acquired a new stake in Colfax during the 2nd quarter valued at approximately $1,154,000. Brown Brothers Harriman Company invested in 18,655 shares. Financial Bank Of Mellon accumulated 343,031 shares. Global Endowment Management Limited Partnership reported 0.15% of its portfolio in Colfax Corporation (NYSE:CFX). Massachusetts Financial Svcs Com Ma reported 0.05% stake.

Lodge Hill Capital Llc, which manages about $208.28M and $1.32 billion US Long portfolio, upped its stake in Eagle Materials Inc (NYSE:EXP) by 597,830 shares to 797,830 shares, valued at $85.13 million in 2017Q3, according to the filing. Sit Associate Inc has 26 shares. Pacific Glob Investment Mngmt has invested 0.05% in Colfax Corporation (NYSE:CFX). Tudor Et Al holds 0.08% of its portfolio in Colfax Corporation (NYSE:CFX) for 72,435 shares. Zacks Invest Management has invested 0.06% in Colfax Corporation (NYSE:CFX). The correct version of this piece of content can be viewed at https://www.truebluetribune.com/2018/01/14/research-analysts-offer-predictions-for-colfax-corps-fy2017-earnings-cfx.html.


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