Colfax (CFX) Getting Somewhat Favorable Press Coverage, Report Shows

Media headlines about Colfax (NYSE:CFX) have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Colfax earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.6307313239168 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

How to Become a New Pot Stock Millionaire

A number of research firms recently weighed in on CFX. Zacks Investment Research cut shares of Colfax from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Citigroup decreased their price target on shares of Colfax from $35.00 to $30.00 and set a “sell” rating for the company in a research report on Monday, April 9th. Robert W. Baird reissued a “buy” rating and issued a $39.00 price target on shares of Colfax in a research report on Wednesday, April 4th. ValuEngine cut shares of Colfax from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Finally, Argus reissued a “buy” rating and issued a $33.36 price target (down previously from $40.00) on shares of Colfax in a research report on Thursday, February 22nd. Five research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $41.44.

Shares of CFX stock opened at $32.08 on Tuesday. 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 has a 52 week low of $29.94 and a 52 week high of $43.29. The company has a market capitalization of $3,897.17, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.12 and a beta of 1.26.

Colfax (NYSE:CFX) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. Colfax had a net margin of 4.28% and a return on equity of 5.95%. The business had revenue of $874.00 million for the quarter, compared to analyst estimates of $894.02 million. During the same period last year, the business earned $0.46 EPS. The company’s revenue was up 7.6% on a year-over-year basis. equities analysts forecast that Colfax will post 2.1 EPS for the current fiscal year.

In other news, EVP Daniel A. Pryor sold 1,682 shares of the firm’s stock in a transaction 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 document filed with the SEC, which is available through this hyperlink. Also, SVP A. Lynne Puckett sold 770 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were 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. Insiders sold a total of 4,175 shares of company stock worth $139,570 over the last 90 days. Company insiders own 10.20% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Colfax (CFX) Getting Somewhat Favorable Press Coverage, Report Shows” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.chaffeybreeze.com/2018/04/17/colfax-cfx-getting-somewhat-favorable-press-coverage-report-shows-2.html.

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)

Receive News & Ratings for Colfax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colfax and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply