Zacks Investment Research cut shares of CIRCOR International, Inc. (NYSE:CIR) from a hold rating to a strong sell rating in a report issued on Tuesday, October 17th.
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 research analysts have also recently commented on CIR. Seaport Global Securities cut CIRCOR International from a neutral rating to a sell rating and dropped their price target for the company from $70.00 to $60.00 in a research report on Wednesday, June 21st. Sidoti raised CIRCOR International from a neutral rating to a buy rating and set a $75.00 price target on the stock in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a buy rating and set a $72.00 price target on shares of CIRCOR International in a research report on Friday, July 14th. BidaskClub cut CIRCOR International from a hold rating to a sell rating in a research report on Thursday, July 27th. Finally, SunTrust Banks, Inc. raised CIRCOR International from a hold rating to a buy rating and dropped their price target for the company from $65.00 to $60.00 in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. CIRCOR International has an average rating of Hold and an average price target of $65.25.
Shares of CIRCOR International (NYSE:CIR) opened at 49.90 on Tuesday. CIRCOR International has a 12-month low of $45.29 and a 12-month high of $72.96. The company’s 50 day moving average is $52.87 and its 200 day moving average is $57.01. The firm has a market capitalization of $823.30 million, a PE ratio of 51.23 and a beta of 1.64.
CIRCOR International (NYSE:CIR) last issued its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. CIRCOR International had a return on equity of 6.55% and a net margin of 2.74%. The firm had revenue of $159.70 million for the quarter, compared to analysts’ expectations of $154.65 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, analysts forecast that CIRCOR International will post $1.71 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of CIR. Bank of New York Mellon Corp lifted its holdings in 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 in the last quarter. Karp Capital Management Corp purchased a new stake in CIRCOR International during the 1st quarter worth about $375,000. Ameriprise Financial Inc. lifted its holdings in CIRCOR International by 4.3% during the 1st quarter. Ameriprise Financial Inc. now owns 85,950 shares of the industrial products company’s stock worth $5,108,000 after purchasing an additional 3,530 shares in the last quarter. Arizona State Retirement System lifted its holdings in CIRCOR International by 1.2% during the 1st quarter. Arizona State Retirement System now owns 8,538 shares of the industrial products company’s stock worth $507,000 after purchasing an additional 100 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its holdings in CIRCOR International by 32.5% during the 1st quarter. OppenheimerFunds Inc. now owns 7,797 shares of the industrial products company’s stock worth $463,000 after purchasing an additional 1,912 shares in 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)).
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