CIRCOR International, Inc. (CIR) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of CIRCOR International, Inc. (NYSE:CIR) from a sell rating to a hold rating in a report issued on Friday morning.
According to Zacks, “CIRCOR International, Inc. designs, manufactures and distributes valves and related products and services for use in a wide range of applications to optimize the efficiency or ensure the safety of fluid-control systems. The valves and related fluid-control products we manufacture are used in processing industries; oil and gas production, pipeline construction and maintenance; aerospace, military and commercial aircraft; pharmaceutical, medical and analytical equipment; and maritime manufacturing and maintenance. “
A number of other equities analysts also recently weighed in on the stock. BidaskClub downgraded shares of CIRCOR International from a sell rating to a strong sell rating in a report on Friday, August 4th. KeyCorp reaffirmed a hold rating on shares of CIRCOR International in a research report on Tuesday, September 26th. SunTrust Banks, Inc. upgraded shares of CIRCOR International from a hold rating to a buy rating and cut their price target for the company from $65.00 to $60.00 in a research note on Tuesday, August 1st. Stifel Nicolaus reiterated a buy rating and issued a $61.00 price target on shares of CIRCOR International in a research note on Sunday, September 3rd. Finally, ValuEngine raised shares of CIRCOR International from a sell rating to a hold rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $64.00.
CIRCOR International (CIR) opened at 54.43 on Friday. The company has a market cap of $898.04 million, a price-to-earnings ratio of 55.88 and a beta of 1.64. CIRCOR International has a 52-week low of $46.97 and a 52-week high of $72.96. The stock has a 50 day moving average of $48.95 and a 200-day moving average of $57.80.
CIRCOR International (NYSE:CIR) last announced its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.07). CIRCOR International had a return on equity of 6.55% and a net margin of 2.74%. The company had revenue of $151.20 million for the quarter, compared to the consensus estimate of $158.09 million. During the same quarter in the prior year, the company earned $0.53 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts forecast that CIRCOR International will post $1.72 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL raised its stake in CIRCOR International by 0.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,498,058 shares of the industrial products company’s stock valued at $88,955,000 after acquiring an additional 11,444 shares during the period. William Blair Investment Management LLC lifted its holdings in CIRCOR International by 6.4% during the 2nd quarter. William Blair Investment Management LLC now owns 319,747 shares of the industrial products company’s stock valued at $18,987,000 after purchasing an additional 19,311 shares during the last quarter. Bank of New York Mellon Corp boosted its position in CIRCOR International by 3.9% during the first quarter. Bank of New York Mellon Corp now owns 220,207 shares of the industrial products company’s stock worth $13,089,000 after purchasing an additional 8,173 shares during the period. Geode Capital Management LLC boosted its position in CIRCOR International by 2.5% during the first quarter. Geode Capital Management LLC now owns 125,051 shares of the industrial products company’s stock worth $7,433,000 after purchasing an additional 2,998 shares during the period. Finally, Cortina Asset Management LLC bought a new position in CIRCOR International during the first quarter worth $6,135,000.
CIRCOR International Company Profile
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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