Media stories about Colfax Corporation (NYSE:CFX) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Colfax Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.6700426751375 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Colfax Corporation (CFX) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Colfax Corporation (CFX) SVP Sells $1,147,127.70 in Stock (americanbankingnews.com)
- Noteworthy Monday Option Activity: CFX, HIIQ, DECK (thestreet.com)
- Principal Financial Group Inc. Raises Stake in Xylem Inc. (XYL) (vothemes.com)
- Colfax Corporation (CFX) vs. Xylem (XYL) Financial Analysis (americanbankingnews.com)
Several brokerages have commented on CFX. Zacks Investment Research upgraded shares of Colfax Corporation from a “hold” rating to a “strong-buy” rating and set a $46.00 price target on the stock in a research report on Tuesday, May 16th. BidaskClub cut shares of Colfax Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Wolfe Research started coverage on Colfax Corporation in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Colfax Corporation in a report on Tuesday, May 23rd. Finally, Seaport Global Securities restated a “buy” rating on shares of Colfax Corporation in a report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Colfax Corporation presently has a consensus rating of “Buy” and an average target price of $46.44.
Colfax Corporation (CFX) traded up 0.32% during trading on Tuesday, reaching $41.05. The company’s stock had a trading volume of 217,643 shares. The firm has a market cap of $5.05 billion, a P/E ratio of 32.30 and a beta of 1.35. The stock’s 50 day moving average is $39.92 and its 200-day moving average is $39.59. Colfax Corporation has a 52 week low of $27.75 and a 52 week high of $42.75.
Colfax Corporation (NYSE:CFX) last posted its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.43 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.43. Colfax Corporation had a return on equity of 6.30% and a net margin of 4.35%. The firm had revenue of $965.83 million during the quarter, compared to analyst estimates of $940.31 million. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts forecast that Colfax Corporation will post $1.73 earnings per share for the current fiscal year.
In related news, EVP Daniel A. Pryor sold 3,574 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $41.13, for a total value of $146,998.62. Following the sale, the executive vice president now owns 40,224 shares in the company, valued at $1,654,413.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Stephen Wittig sold 29,189 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $39.30, for a total value of $1,147,127.70. Following the completion of the sale, the senior vice president now owns 15,479 shares in the company, valued at approximately $608,324.70. The disclosure for this sale can be found here. Insiders sold 33,202 shares of company stock valued at $1,312,182 over the last ninety days. Corporate insiders own 10.60% of the company’s stock.
About Colfax Corporation
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.
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