Colfax Corporation ( CFX ) saw a big move in the last trading session, as the company's shares fell nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for CFX, as the stock is now down over 8% since Jul 1.
The diversified industrial manufacturing and engineering company has seen 1 negative estimate revision over the past month compared to none higher, though the current year earnings consensus hasn't been in a trend. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
CFX currently has a Zacks Rank #3 (Hold).
Investors interested in the General Industrial Machinery industry may consider better-ranked stocks like Blount International Inc.
) and EnPro Industries, Inc.
), and Ingersoll-Rand Plc
). While Blount and EnPro carry a Zacks Rank #1 (Strong Buy), Ingersoll-Rand holds a Zacks Rank #2 (Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportCOLFAX CORP (CFX): Free Stock Analysis ReportBLOUNT INTL (BLT): Free Stock Analysis ReportENPRO INDUS INC (NPO): Free Stock Analysis ReportINGERSOLL RAND (IR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research