Somewhat Positive Media Coverage Somewhat Unlikely to Impact Colfax (NYSE:CFX) Stock Price

Media coverage about Colfax (NYSE:CFX) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Colfax earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.9053151777884 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

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Shares of Colfax stock traded up $0.34 on Wednesday, hitting $31.31. 967,422 shares of the company’s stock were exchanged, compared to its average volume of 837,763. The stock has a market capitalization of $3,798.50, a PE ratio of 17.99, a P/E/G ratio of 1.09 and a beta of 1.26. Colfax has a 1 year low of $30.30 and a 1 year high of $43.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.89 and a quick ratio of 1.49.

Colfax (NYSE:CFX) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Colfax had a net margin of 4.28% and a return on equity of 5.95%. The company had revenue of $874.00 million for the quarter, compared to the consensus estimate of $894.02 million. During the same period in the previous year, the firm posted $0.46 EPS. Colfax’s revenue for the quarter was up 7.6% compared to the same quarter last year. research analysts anticipate that Colfax will post 2.11 EPS for the current year.

A number of equities analysts have issued reports on CFX shares. Zacks Investment Research downgraded Colfax from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $48.00 price target (up previously from $44.00) on shares of Colfax in a report on Tuesday, January 16th. ValuEngine cut shares of Colfax from a “hold” rating to a “sell” rating in a report on Monday. Gabelli raised shares of Colfax from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. They noted that the move was a valuation call. Finally, Argus reiterated a “buy” rating and issued a $33.36 target price (down from $40.00) on shares of Colfax in a research report on Thursday, February 22nd. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.44.

In other news, EVP Daniel A. Pryor sold 1,682 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $33.46, for a total value of $56,279.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP A. Lynne Puckett sold 770 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $33.46, for a total transaction of $25,764.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,445 shares of company stock worth $444,983. Insiders own 10.60% of the company’s stock.

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Colfax Company Profile

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.

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

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