CIRCOR International’s (CIR) Buy Rating Reiterated at Stifel Nicolaus
Stifel Nicolaus reaffirmed their buy rating on shares of CIRCOR International, Inc. (NYSE:CIR) in a report published on Sunday. They currently have a $61.00 price target on the industrial products company’s stock.
CIR has been the topic of a number of other research reports. ValuEngine raised CIRCOR International from a sell rating to a hold rating in a report on Friday, June 2nd. BidaskClub downgraded CIRCOR International from a hold rating to a sell rating in a report on Thursday, July 27th. Zacks Investment Research raised CIRCOR International from a strong sell rating to a hold rating in a report on Monday, July 17th. Seaport Global Securities downgraded CIRCOR International from a neutral rating to a sell rating and reduced their target price for the stock from $70.00 to $60.00 in a report on Wednesday, June 21st. Finally, Sidoti raised CIRCOR International from a neutral rating to a buy rating and set a $75.00 target price on the stock in a report on Thursday, June 22nd. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. CIRCOR International currently has a consensus rating of Hold and a consensus price target of $64.00.
CIRCOR International (NYSE CIR) opened at 47.86 on Friday. CIRCOR International has a 52-week low of $47.02 and a 52-week high of $72.96. The firm’s 50-day moving average price is $50.85 and its 200 day moving average price is $58.69. The firm has a market cap of $789.64 million, a price-to-earnings ratio of 49.14 and a beta of 1.67.
CIRCOR International (NYSE:CIR) last released its earnings results on Friday, July 28th. The industrial products company reported $0.39 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 firm had revenue of $151.20 million for the quarter, compared to the consensus estimate of $158.09 million. During the same period in the prior year, the business earned $0.53 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts forecast that CIRCOR International will post $1.72 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Monday, August 14th. CIRCOR International’s payout ratio is 15.31%.
Several institutional investors have recently made changes to their positions in CIR. Cortina Asset Management LLC acquired a new stake in shares of CIRCOR International during the 1st quarter worth approximately $6,135,000. William Blair Investment Management LLC raised its position in shares of 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 worth $18,987,000 after purchasing an additional 19,311 shares during the period. Gamco Investors INC. ET AL raised its position in shares of CIRCOR International by 0.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,498,058 shares of the industrial products company’s stock worth $88,955,000 after purchasing an additional 11,444 shares during the period. Bank of New York Mellon Corp raised its position in shares of CIRCOR International by 3.9% during the 1st 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. Finally, Karp Capital Management Corp acquired a new stake in shares of CIRCOR International during the 1st quarter worth approximately $375,000.
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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