CIRCOR International, Inc. (CIR) Receives Average Rating of “Hold” from Analysts
CIRCOR International, Inc. (NYSE:CIR) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $61.00.
A number of research firms have commented on CIR. KeyCorp upgraded CIRCOR International from a “sector weight” rating to an “overweight” rating and set a $53.00 price target for the company in a research note on Monday, November 6th. Zacks Investment Research upgraded CIRCOR International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Stifel Nicolaus decreased their price target on CIRCOR International from $66.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, October 30th. BidaskClub cut CIRCOR International from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, SunTrust Banks, Inc. upgraded CIRCOR International from a “hold” rating to a “buy” rating and decreased their price target for the company from $65.00 to $60.00 in a research note on Tuesday, August 1st.
Several hedge funds have recently made changes to their positions in CIR. SG Americas Securities LLC acquired a new position in shares of CIRCOR International in the third quarter valued at about $121,000. Quantbot Technologies LP increased its holdings in shares of CIRCOR International by 454.0% in the second quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 2,470 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of CIRCOR International in the second quarter valued at about $212,000. Municipal Employees Retirement System of Michigan increased its holdings in shares of CIRCOR International by 59.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,190 shares of the industrial products company’s stock valued at $337,000 after purchasing an additional 2,320 shares during the period. Finally, Aperio Group LLC increased its holdings in shares of CIRCOR International by 9.2% in the second quarter. Aperio Group LLC now owns 6,891 shares of the industrial products company’s stock valued at $409,000 after purchasing an additional 579 shares during the period.
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Shares of CIRCOR International (NYSE:CIR) opened at $44.80 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.85 and a current ratio of 3.20. The firm has a market capitalization of $739.22, a price-to-earnings ratio of 27.65 and a beta of 1.55. CIRCOR International has a 12 month low of $42.25 and a 12 month high of $72.96.
CIRCOR International (NYSE:CIR) last issued its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $159.70 million during the quarter, compared to analysts’ expectations of $154.65 million. CIRCOR International had a return on equity of 6.30% and a net margin of 2.50%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. analysts anticipate that CIRCOR International will post 1.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Monday, November 27th. CIRCOR International’s dividend payout ratio (DPR) is presently 16.13%.
About CIRCOR International
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems for markets, including oil and gas, aerospace, power and process, and industrial solutions. The Company operates through two segments: CIRCOR Energy (Energy segment (Energy)) and CIRCOR Advanced Flow Solutions (Advanced Flow Solutions segment (AFS)).
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