Analysts Offer Insights on Conglomerates Companies: Colfax Corp. (NYSE: CFX) and KB Home (NYSE: KBH)

Analysts fell to the sidelines weighing in on Colfax Corp. (NYSE: CFX) and KB Home (NYSE: KBH) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Colfax Corp. (NYSE: CFX)

In a report released today, Jeffrey Hammond from KeyBanc reiterated a Hold rating on Colfax Corp. (NYSE: CFX). The company’s shares opened today at $28.59.

According to TipRanks.com, Hammond is a 4-star analyst with an average return of 9.9% and a 57.5% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc., Watts Water Technologies, and Manitowoc Foodservice.

Colfax Corp. has an analyst consensus of Hold.

KB Home (NYSE: KBH)

MKM Partners analyst Megan McGrath reiterated a Hold rating on KB Home (NYSE: KBH) today and set a price target of $13. The company’s shares opened today at $15.03.

McGrath observed, “We are estimating EPS of $0.37 vs. consensus of $0.39. KBH has outperformed the market ytd, up 20% (vs. the S&P 500 up 4%) but down 7% (vs. the S&P 500 flat) since it last reported earnings on June 21. We believe KBH’s new share buyback program in 2016 has helped the stock, as well as slightly better-than-expected order growth thus far this year. However, we remain Neutral on the stock as we are concerned that the slowdown in community growth this year could hamper growth.”

According to TipRanks.com, McGrath is a 3-star analyst with an average return of 1.7% and a 50.0% success rate. McGrath covers the Industrial Goods sector, focusing on stocks such as Hovnanian Enterprises Inc, Calatlantic Group, and Owens Corning.

KB Home has an analyst consensus of Moderate Sell, with a price target consensus of $15.67.