Colfax Corporation (CFX) Receiving Somewhat Favorable Press Coverage, Analysis Finds

Media stories about Colfax Corporation (NYSE:CFX) have trended somewhat positive on Thursday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Colfax Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 45.2600822333107 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Colfax Corporation (NYSE:CFX) opened at 41.83 on Thursday. The firm has a market cap of $5.15 billion, a PE ratio of 32.91 and a beta of 1.35. Colfax Corporation has a 52-week low of $28.30 and a 52-week high of $42.75. The firm has a 50-day moving average of $39.99 and a 200-day moving average of $39.72.

Colfax Corporation (NYSE:CFX) last posted its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $965.83 million during the quarter, compared to analysts’ expectations of $940.31 million. Colfax Corporation had a return on equity of 6.30% and a net margin of 4.35%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. Equities analysts anticipate that Colfax Corporation will post $1.73 EPS for the current year.

Several brokerages have recently weighed in on CFX. BidaskClub raised shares of Colfax Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Wolfe Research began coverage on shares of Colfax Corporation in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. CIBC reissued a “hold” rating on shares of Colfax Corporation in a research report on Wednesday, May 24th. Zacks Investment Research raised shares of Colfax Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Monday, July 17th. Finally, KeyCorp raised shares of Colfax Corporation from a “sector weight” rating to an “overweight” rating and set a $46.00 price target on the stock in a research report on Friday, August 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $46.44.

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In other Colfax Corporation news, SVP Stephen Wittig sold 29,189 shares of Colfax Corporation stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $39.30, for a total value of $1,147,127.70. Following the completion of the sale, the senior vice president now owns 15,479 shares in the company, valued at approximately $608,324.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel A. Pryor sold 3,574 shares of Colfax Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $41.13, for a total value of $146,998.62. Following the completion of the sale, the executive vice president now owns 40,224 shares of the company’s stock, valued at approximately $1,654,413.12. The disclosure for this sale can be found here. Insiders sold a total of 33,202 shares of company stock valued at $1,312,182 in the last 90 days. 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.

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

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