News headlines about Colfax (NYSE:CFX) have trended somewhat positive on Friday, Accern reports. The research firm rates 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 -1 to 1, with scores nearest to one being the most favorable. Colfax earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.9564503537434 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern’s scoring:

Colfax opened at $30.58 on Friday, according to Marketbeat Ratings. The company has a market cap of $3.87 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 0.99 and a beta of 1.27. Colfax has a one year low of $29.02 and a one year high of $43.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.52 and a current ratio of 1.97.

Colfax (NYSE:CFX) last released its quarterly earnings results on Thursday, May 3rd. The industrial products company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.06. The business had revenue of $881.00 million for the quarter, compared to analyst estimates of $822.75 million. Colfax had a return on equity of 6.13% and a net margin of 3.84%. Colfax’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. analysts forecast that Colfax will post 2.15 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on CFX. Gabelli raised Colfax from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. They noted that the move was a valuation call. KeyCorp dropped their target price on Colfax from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, February 7th. Robert W. Baird dropped their target price on Colfax from $47.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Seaport Global Securities reissued a “buy” rating on shares of Colfax in a report on Wednesday, February 7th. Finally, Stifel Nicolaus dropped their target price on Colfax from $48.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Colfax presently has a consensus rating of “Hold” and a consensus target price of $39.67.

In related news, insider Shyam Kambeyanda sold 873 shares of the stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $32.48, for a total transaction of $28,355.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 1,608 shares of company stock worth $52,596. 10.20% of the stock is owned by corporate insiders.

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)

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