Somewhat Positive Press Coverage Somewhat Unlikely to Affect Colfax (CFX) Stock Price
Media headlines about Colfax (NYSE:CFX) have trended somewhat positive on Friday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Colfax earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.5012294467583 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern’s scoring:
- Colfax Completes Sale of Fluid Handling Business – GlobeNewswire (press release) (globenewswire.com)
- Colfax Completes Divestment of Fluid Handling Unit to CIRCOR (finance.yahoo.com)
- Circor International Inc.: CIRCOR Completes Acquisition of Colfax’s Fluid Handling Business (twst.com)
- Colfax (CFX) Stock Rating Reaffirmed by Stifel Nicolaus (americanbankingnews.com)
Shares of Colfax (CFX) traded up $0.17 during trading hours on Friday, reaching $36.86. The company’s stock had a trading volume of 1,492,300 shares, compared to its average volume of 715,476. The stock has a market capitalization of $4,531.89, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.16 and a beta of 1.26. Colfax has a 1-year low of $33.31 and a 1-year high of $43.29. The company has a quick ratio of 1.47, a current ratio of 1.80 and a debt-to-equity ratio of 0.38.
Colfax (NYSE:CFX) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.42. The business had revenue of $844.50 million during the quarter, compared to analysts’ expectations of $901.09 million. Colfax had a return on equity of 6.26% and a net margin of 4.89%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. sell-side analysts predict that Colfax will post 1.71 EPS for the current fiscal year.
A number of research analysts have recently commented on CFX shares. BidaskClub cut Colfax from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. KeyCorp upgraded Colfax from a “sector weight” rating to an “overweight” rating and set a $46.00 target price for the company in a research note on Friday, August 25th. They noted that the move was a valuation call. Argus restated a “buy” rating and issued a $50.00 target price on shares of Colfax in a research note on Tuesday, August 29th. Cowen restated a “buy” rating and issued a $50.00 target price on shares of Colfax in a research note on Tuesday, September 26th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $45.00 target price on shares of Colfax in a research note on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $45.80.
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Colfax 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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