BidaskClub cut shares of CIRCOR International, Inc. (NYSE:CIR) from a hold rating to a sell rating in a research note published on Thursday.

Several other equities research analysts have also issued reports on CIR. Stifel Nicolaus upgraded shares of CIRCOR International from a hold rating to a buy rating and dropped their target price for the company from $74.00 to $68.00 in a research report on Monday, April 17th. Zacks Investment Research upgraded shares of CIRCOR International from a hold rating to a buy rating and set a $70.00 target price for the company in a research report on Wednesday, April 19th. ValuEngine upgraded shares of CIRCOR International from a sell rating to a hold rating in a research report on Friday, June 2nd. Seaport Global Securities lowered shares of CIRCOR International from a neutral rating to a sell rating and dropped their target price for the company from $70.00 to $60.00 in a research report on Wednesday, June 21st. Finally, Sidoti upgraded shares of CIRCOR International from a neutral rating to a buy rating and set a $75.00 target price for the company in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $65.00.

CIRCOR International (NYSE:CIR) last announced its earnings results on Friday, July 28th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.07. CIRCOR International had a net margin of 2.74% and a return on equity of 6.55%. 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 previous year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year.

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Several large investors have recently made changes to their positions in CIR. Norges Bank acquired a new stake in shares of CIRCOR International during the fourth quarter worth $25,177,000. Teachers Advisors LLC raised its stake in shares of CIRCOR International by 6.8% in the fourth quarter. Teachers Advisors LLC now owns 27,743 shares of the industrial products company’s stock worth $1,800,000 after buying an additional 1,757 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of CIRCOR International by 0.4% in the first quarter. Russell Investments Group Ltd. now owns 59,177 shares of the industrial products company’s stock worth $3,517,000 after buying an additional 236 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of CIRCOR International by 3.9% in 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 buying an additional 8,173 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of CIRCOR International by 1.8% in the first quarter. Comerica Bank now owns 18,305 shares of the industrial products company’s stock worth $1,190,000 after buying an additional 317 shares during the last quarter.

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)).

Analyst Recommendations for CIRCOR International (NYSE:CIR)

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