Analysts’ Opinions Are Mixed on These Conglomerates Stocks: Caterpillar (NYSE: CAT) and Colfax Corp (NYSE: CFX)

By Ryan Adsit

Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Caterpillar (NYSE: CAT) and Colfax Corp (NYSE: CFX).

Caterpillar (NYSE: CAT)

In a report issued on July 28, Stanley Elliott from Stifel Nicolaus reiterated a Hold rating on Caterpillar (NYSE: CAT), with a price target of $125. The company’s shares closed on Friday at $114.10, close to its 52-week high of $114.90.

According to TipRanks.com, Elliott is a 5-star analyst with an average return of 14.4% and a 75.2% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Illinois Tool Works, and Manitowoc Company.

Currently, the analyst consensus on Caterpillar is Moderate Buy and the average price target is $118.43, representing a 3.8% upside.

In a report issued on July 26, RBC Capital also reiterated a Hold rating on the stock with a $120 price target.
Colfax Corp (NYSE: CFX)

Stifel Nicolaus analyst Nathan Jones reiterated a Buy rating on Colfax Corp (NYSE: CFX) on July 28 and set a price target of $45. The company’s shares closed on Friday at $40.55, close to its 52-week high of $42.50.

According to TipRanks.com, Jones is a 4-star analyst with an average return of 4.5% and a 58.9% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Lincoln Electric Holdings, and Circor International.

Currently, the analyst consensus on Colfax Corp is Moderate Buy and the average price target is $45.40, representing an 12.0% upside.

In a report issued on July 14, Cowen & Co. also reiterated a Buy rating on the stock with a $50 price target.

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