Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Colfax Corporation (CFX) Stock Price

News articles about Colfax Corporation (NYSE:CFX) have trended somewhat positive on Monday, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Colfax Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.5081024900024 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

A number of brokerages have recently issued reports on CFX. Royal Bank Of Canada reissued a “buy” rating and issued a $45.00 price target on shares of Colfax Corporation in a report on Wednesday, September 27th. KeyCorp reissued a “buy” rating and issued a $46.00 price target on shares of Colfax Corporation in a report on Tuesday, September 26th. Cowen and Company reissued a “buy” rating and issued a $50.00 price target on shares of Colfax Corporation in a report on Tuesday, September 26th. Argus reissued a “buy” rating and issued a $50.00 price target on shares of Colfax Corporation in a report on Tuesday, August 29th. Finally, BidaskClub downgraded shares of Colfax Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $46.56.

Shares of Colfax Corporation (NYSE CFX) opened at 42.16 on Monday. The company has a 50-day moving average of $40.59 and a 200-day moving average of $40.01. The stock has a market capitalization of $5.19 billion, a P/E ratio of 33.17 and a beta of 1.32. Colfax Corporation has a 52 week low of $28.47 and a 52 week high of $42.93.

Colfax Corporation (NYSE:CFX) last posted its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.43 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. Colfax Corporation had a return on equity of 6.30% and a net margin of 4.35%. The business had revenue of $965.83 million during the quarter, compared to the consensus estimate of $940.31 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts anticipate that Colfax Corporation will post $1.72 EPS for the current year.

In other Colfax Corporation news, EVP Daniel A. Pryor sold 3,574 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 40,224 shares in the company, valued at approximately $1,654,413.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephen Wittig sold 29,189 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 15,479 shares of the company’s stock, valued at $608,324.70. The disclosure for this sale can be found here. Insiders sold a total of 33,202 shares of company stock valued at $1,312,182 over the last 90 days. 10.60% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Colfax Corporation (CFX) Stock Price” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/09/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-colfax-corporation-cfx-stock-price.html.

Colfax Corporation Company Profile

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabric

A number of brokerages have recently issued reports on CFX. Royal Bank Of Canada reissued a “buy” rating and issued a $45.00 price target on shares of Colfax Corporation in a report on Wednesday, September 27th. KeyCorp reissued a “buy” rating and issued a $46.00 price target on shares of Colfax Corporation in a report on Tuesday, September 26th. Cowen and Company reissued a “buy” rating and issued a $50.00 price target on shares of Colfax Corporation in a report on Tuesday, September 26th. Argus reissued a “buy” rating and issued a $50.00 price target on shares of Colfax Corporation in a report on Tuesday, August 29th. Finally, BidaskClub downgraded shares of Colfax Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $46.56.

Shares of Colfax Corporation (NYSE CFX) opened at 42.16 on Monday. The company has a 50-day moving average of $40.59 and a 200-day moving average of $40.01. The stock has a market capitalization of $5.19 billion, a P/E ratio of 33.17 and a beta of 1.32. Colfax Corporation has a 52 week low of $28.47 and a 52 week high of $42.93.

Colfax Corporation (NYSE:CFX) last posted its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.43 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. Colfax Corporation had a return on equity of 6.30% and a net margin of 4.35%. The business had revenue of $965.83 million during the quarter, compared to the consensus estimate of $940.31 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts anticipate that Colfax Corporation will post $1.72 EPS for the current year.

In other Colfax Corporation news, EVP Daniel A. Pryor sold 3,574 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 40,224 shares in the company, valued at approximately $1,654,413.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephen Wittig sold 29,189 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 15,479 shares of the company’s stock, valued at $608,324.70. The disclosure for this sale can be found here. Insiders sold a total of 33,202 shares of company stock valued at $1,312,182 over the last 90 days. 10.60% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Colfax Corporation (CFX) Stock Price” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/09/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-colfax-corporation-cfx-stock-price.html.

Colfax Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Colfax Corporation (NYSE:CFX)

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