Headlines about Colfax Corporation (NYSE:CFX) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news 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 nearest to one being the most favorable. Colfax Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 45.4480422584179 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Darryl Mayhorn Sells 439 Shares of Colfax Corporation (NYSE:CFX) Stock (americanbankingnews.com)
- Colfax Corporation (NYSE:CFX) EVP Sells $146,998.62 in Stock (americanbankingnews.com)
- Colfax Corporation to Post Q4 2017 Earnings of $0.51 Per Share, KeyCorp Forecasts (NYSE:CFX) (americanbankingnews.com)
- FY2017 Earnings Estimate for Colfax Corporation (NYSE:CFX) Issued By Northcoast Research (americanbankingnews.com)
- Colfax Corp. :CFX-US: Earnings Analysis: Q2, 2017 By the Numbers : August 1, 2017 (finance.yahoo.com)
Shares of Colfax Corporation (CFX) traded up 0.48% during trading on Friday, reaching $41.47. The company’s stock had a trading volume of 705,750 shares. The stock has a market cap of $5.10 billion, a P/E ratio of 32.63 and a beta of 1.37. Colfax Corporation has a 12-month low of $27.75 and a 12-month high of $42.75. The stock’s 50-day moving average is $39.94 and its 200-day moving average is $39.56.
Colfax Corporation (NYSE:CFX) last released its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.43 earnings per share for the quarter, meeting 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 business had revenue of $965.83 million for the quarter, compared to the consensus estimate of $940.31 million. During the same quarter last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts anticipate that Colfax Corporation will post $1.74 earnings per share for the current fiscal year.
CFX has been the subject of a number of analyst reports. Zacks Investment Research upgraded Colfax Corporation from a “hold” rating to a “strong-buy” rating and set a $46.00 price target for the company in a research note on Tuesday, May 16th. BidaskClub downgraded Colfax Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Robert W. Baird upgraded Colfax Corporation from a “neutral” rating to an “outperform” rating and raised their price target for the company from $47.00 to $50.00 in a research note on Monday. Barclays PLC lifted their target price on Colfax Corporation from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $44.00 target price on shares of Colfax Corporation in a research note on Monday, April 17th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.00.
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In other Colfax Corporation news, EVP Daniel A. Pryor sold 3,574 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $41.13, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP A. Lynne Puckett sold 10,882 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $40.14, for a total value of $436,803.48. Following the sale, the senior vice president now owns 40,907 shares in the company, valued at approximately $1,642,006.98. The disclosure for this sale can be found here. Insiders have sold 15,560 shares of company stock worth $628,319 in the last 90 days. Company 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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