Colfax Corporation (CFX) Receives Media Impact Score of 0.11

Media headlines about Colfax Corporation (NYSE:CFX) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, 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 gave news headlines about the industrial products company an impact score of 45.4480422584179 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

• Colfax Corporation (NYSE:CFX) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
• Analysts Poring Over the Numbers on Colfax Corporation (NYSE:CFX) – Evergreen Caller (evergreencaller.com)
• Colfax Corp (CFX) Price Above The Cloud: Shows Positive Momentum – Financial News Review (finnewsreview.com)
• The Cheesecake Factory (NASDAQ:CAKE) Earning Favorable News Coverage, Study Shows (nolopodrasdejardever.com)
• The Cheesecake Factory (CAKE) Given Media Impact Score of 0.11 (ismboard.com)

A number of research analysts have recently commented on CFX shares. Credit Suisse Group started coverage on shares of Colfax Corporation in a research note on Thursday, May 18th. They set an “outperform” rating and a $47.00 price objective for the company. BidaskClub raised shares of Colfax Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 price objective on shares of Colfax Corporation in a research note on Monday, April 17th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Colfax Corporation in a research note on Sunday, May 7th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $50.00 price objective (up previously from $45.00) on shares of Colfax Corporation in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $43.25.

Colfax Corporation (NYSE CFX) traded down 0.69% during trading on Tuesday, reaching $41.46. The company’s stock had a trading volume of 1,511,903 shares. The stock’s 50-day moving average is $39.82 and its 200 day moving average is $39.38. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 35.44 and a beta of 1.37. Colfax Corporation has a 52-week low of $27.75 and a 52-week high of $42.50.

Colfax Corporation (NYSE:CFX) last posted its earnings results on Friday, May 5th. The industrial products company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The business had revenue of $845 million during the quarter, compared to the consensus estimate of $820.23 million. Colfax Corporation had a return on equity of 6.29% and a net margin of 3.98%. Colfax Corporation’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. On average, analysts predict that Colfax Corporation will post $1.73 EPS for the current fiscal year.

In other Colfax Corporation news, SVP A. Lynne Puckett sold 10,882 shares of Colfax Corporation stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $40.14, for a total value of $436,803.48. Following the completion of the transaction, the senior vice president now owns 40,907 shares in the company, valued at approximately $1,642,006.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 11,547 shares of company stock valued at $463,265 in the last 90 days. 10.60% of the stock is owned by corporate insiders.

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.