News stories about Colfax (NYSE:CFX) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Colfax earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.8409694475371 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Colfax (CFX) opened at $33.17 on Thursday. The firm has a market capitalization of $4,108.06, a PE ratio of 27.41, a P/E/G ratio of 1.17 and a beta of 1.33. Colfax has a fifty-two week low of $31.26 and a fifty-two week high of $43.29. The company has a current ratio of 1.89, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28.
Colfax (NYSE:CFX) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. Colfax had a return on equity of 5.95% and a net margin of 4.28%. The company had revenue of $874.00 million during the quarter, compared to analysts’ expectations of $894.02 million. During the same period in the prior year, the business posted $0.46 EPS. Colfax’s quarterly revenue was up 7.6% compared to the same quarter last year. equities analysts predict that Colfax will post 2.12 earnings per share for the current fiscal year.
Several research analysts have weighed in on CFX shares. Argus reissued a “buy” rating and issued a $33.36 price objective (down previously from $40.00) on shares of Colfax in a research report on Thursday, February 22nd. Robert W. Baird dropped their price target on Colfax from $47.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Gabelli raised 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. Stifel Nicolaus reiterated a “buy” rating and set a $48.00 price objective (up from $44.00) on shares of Colfax in a research note on Tuesday, January 16th. Finally, KeyCorp decreased their price objective on Colfax from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.74.
In other news, CEO Ian Brander sold 1,240 shares of the firm’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 value of $41,490.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel A. Pryor sold 53,333 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $38.15, for a total value of $2,034,653.95. Following the completion of the transaction, the executive vice president now owns 93,557 shares of the company’s stock, valued at approximately $3,569,199.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,295 shares of company stock valued at $2,463,601. Company insiders own 10.60% of the company’s stock.
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Colfax Company Profile
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides air and gas handling, and fabrication technology products and services. The Company’s segments include Air and Gas handling, and Fabrication Technology. The Air and Gas Handling segment supplies a range of gas handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket services.
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