Media headlines about Colfax (NYSE:CFX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news 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 earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.4563727879461 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Colfax Co. (CFX) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Colfax School Board to review renovations (msn.com)
- Colfax Co. (CFX) Insider Sells $28,355.04 in Stock (americanbankingnews.com)
- Colfax to Present at the 2018 Electrical Products Group Conference (feeds.benzinga.com)
Shares of Colfax opened at $33.37 on Tuesday, according to MarketBeat.com. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 1.03 and a beta of 1.27. Colfax has a 12 month low of $29.02 and a 12 month high of $43.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.52 and a current ratio of 1.97.
Colfax (NYSE:CFX) last announced its earnings results on Thursday, May 3rd. The industrial products company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.06. The firm had revenue of $881.00 million for the quarter, compared to the consensus estimate of $822.75 million. Colfax had a return on equity of 6.13% and a net margin of 3.84%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. equities research analysts forecast that Colfax will post 2.15 EPS for the current year.
CFX has been the topic of a number of research reports. Stifel Nicolaus reduced their price objective on Colfax from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. KeyCorp reduced their price objective on Colfax from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th. Gabelli upgraded Colfax from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. They noted that the move was a valuation call. Robert W. Baird reduced their price objective on Colfax from $47.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Finally, Seaport Global Securities restated a “buy” rating on shares of Colfax in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $39.67.
In other Colfax news, insider Shyam Kambeyanda sold 873 shares of Colfax stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $32.48, for a total transaction of $28,355.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 1,608 shares of company stock worth $52,596 over the last ninety days. Company insiders own 10.20% of the company’s stock.
Colfax Corporation operates as a diversified industrial technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, and supplies heavy-duty centrifugal and axial fans, rotary heat exchangers, and gas compressors, as well as related products, systems, and services.
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