Here's Why It Is Worth Holding On To Colfax (CFX) Stock Now
Zacks Investment Research | Oct 15, 2019 10:11PM ET
We issued an updated research report on Colfax Corporation (NYSE:CFX) on Oct 15.
The company manufactures products and services related to medical and fabrication technology. It currently has a Zacks Rank #3 (Hold) and market capitalization of approximately $3.4 billion.
Below we discussed why it will be prudent for investors to hold on to this stock for now.
Factors Favoring Colfax
Healthy Projections: The company anticipates fully consolidated adjusted earnings of $2.55-$2.65 per share or adjusted earnings from continuing operations of $1.90-$2.00 in 2019. For the third quarter, adjusted earnings from continuing operations are predicted to be 45-50 cents.
Also, organic sales for the Fabrication Technology segment are predicted to increase in a low-single digit in the second half of 2019.
In the past three months, the company’s share price has gained 8.5% against the Original post
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