Colfax Corporation (CFX) Given Coverage Optimism Rating of 0.15
News articles about Colfax Corporation (NYSE:CFX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Colfax Corporation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.3570320316806 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Davenport & Co LLC Marginally Decreases Its Ownership in Colfax Corporation (CFX) Stock – First News 24 (firstnewspaper24.com)
- Colfax Schedules Third Quarter 2017 Earnings Release and Conference Call (finance.yahoo.com)
- $913.82 Million in Sales Expected for Colfax Corporation (CFX) This Quarter (americanbankingnews.com)
- Emerson Buys GeoFields, Boosts Pipeline Solutions Portfolio – Nasdaq (nasdaq.com)
- $0.40 EPS Expected for Colfax Corporation (CFX) This Quarter (americanbankingnews.com)
Several research analysts have commented on CFX shares. Zacks Investment Research raised shares of Colfax Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Monday, October 9th. BidaskClub downgraded shares of Colfax Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. 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. Robert W. Baird raised shares of 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 report on Monday, July 31st. Finally, 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.00.
Shares of Colfax Corporation (NYSE:CFX) opened at 42.26 on Friday. The company has a market capitalization of $5.20 billion, a P/E ratio of 33.25 and a beta of 1.32. The stock’s 50 day moving average is $41.26 and its 200-day moving average is $40.17. Colfax Corporation has a 12-month low of $28.83 and a 12-month high of $42.93.
Colfax Corporation (NYSE:CFX) last issued its earnings results on Friday, July 28th. The industrial products company reported $0.43 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.43. Colfax Corporation had a net margin of 4.35% and a return on equity of 6.30%. The firm had revenue of $965.83 million during the quarter, compared to analyst estimates of $940.31 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. Colfax Corporation’s revenue for the quarter was up .9% on a year-over-year basis. Analysts anticipate that Colfax Corporation will post $1.72 earnings per share for the current year.
In related news, EVP Daniel A. Pryor sold 3,574 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $41.13, for a total transaction of $146,998.62. Following the completion of the transaction, 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 SEC, which is available through this hyperlink. Also, SVP Stephen Wittig sold 29,189 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $39.30, for a total transaction of $1,147,127.70. Following the transaction, the senior vice president now owns 15,479 shares of the company’s stock, valued at approximately $608,324.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,202 shares of company stock valued at $1,312,182. 10.60% of the stock is owned by company 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.
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