Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $30.27 on Colfax Corporation (NYSE:CFX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.51 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Colfax Corporation (NYSE:CFX) stands at 30.12.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Colfax Corporation Common Stock, the PEG ratio for coming 3-5 years is 2.43.
The technical analysis highlights that Colfax Corporation Common Stock current is trading $0.89 points away or +3.00% from its 50-day moving average of $29.50. Further it is trading $2.12 or +7.50% away its 200-day moving average of $28.27.
The 52-week high of Colfax Corporation (NYSE:CFX) was $39.11 while lowest point recorded in 52-week was $18.22. It implies if stock price makes a movement of over $-8.72, it will record a new 52-week high. In the case of +66.79% drop, it will touch a new 52-week low.
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