Weakness Seen in Colfax (CFX): Stock Falls 5.7% - Tale of the Tape

By
A A A


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. ( BLT ) and EnPro Industries, Inc. ( NPO ), and Ingersoll-Rand Plc ( IR ). While Blount and EnPro carry a Zacks Rank #1 (Strong Buy), Ingersoll-Rand holds a Zacks Rank #2 (Buy).

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 report >>



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 report

COLFAX CORP (CFX): Free Stock Analysis Report

BLOUNT INTL (BLT): Free Stock Analysis Report

ENPRO INDUS INC (NPO): Free Stock Analysis Report

INGERSOLL RAND (IR): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: CFX , BLT , NPO , IR

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

67%
100%
50%
100%

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com