News articles about Colfax Corporation (NYSE:CFX) have trended somewhat positive on Thursday, Accern Sentiment reports. The research group scores the sentiment of media 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 closest to one being the most favorable. Colfax Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 59 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- The Technical Condition Changes For Colfax Corporation (CFX), Hi-Crush Partners LP (HCLP) – AllStockNews (allstocknews.com)
- Davenport & Co LLC Lowers Its Stake in Colfax Corporation (CFX) (highlightpress.com)
- Analysts Take Aim at Colfax Corporation (NYSE:CFX Shares – Evergreen Caller (evergreencaller.com)
- Colfax Schedules Second Quarter 2017 Earnings Release and Conference Call (finance.yahoo.com)
- Colfax Corporation (NYSE:CFX) Raised to “Buy” at Zacks Investment Research (americanbankingnews.com)
Shares of Colfax Corporation (CFX) opened at 41.56 on Thursday. The company has a market cap of $5.11 billion, a PE ratio of 35.52 and a beta of 1.37. The company has a 50-day moving average of $39.77 and a 200 day moving average of $39.27. Colfax Corporation has a 12-month low of $27.76 and a 12-month high of $41.99.
Colfax Corporation (NYSE:CFX) last released its quarterly earnings data on Friday, May 5th. The industrial products company reported $0.35 earnings per share (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 analysts’ expectations of $820.23 million. Colfax Corporation had a return on equity of 6.29% and a net margin of 3.98%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. On average, equities research analysts expect that Colfax Corporation will post $1.73 EPS for the current year.
CFX has been the topic of a number of recent analyst reports. Credit Suisse Group began coverage on shares of Colfax Corporation in a report on Thursday, May 18th. They issued an “outperform” rating and a $47.00 price target on the stock. 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 issued a $44.00 target price 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, Barclays PLC increased their price target on shares of Colfax Corporation from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $43.25.
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In related news, SVP A. Lynne Puckett sold 10,882 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 40,907 shares of the company’s stock, valued at approximately $1,642,006.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 11,547 shares of company stock valued at $463,265. Insiders own 10.60% of the company’s stock.
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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