CIRCOR International (NYSE:CIR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday, December 27th.
According to Zacks, “CIRCOR International, Inc. designs, manufactures and markets flow control solutions and other highly engineered products and sub-systems for markets including oil & gas, aerospace, power, process and industrial solutions. CIRCOR has a diversified product portfolio with recognized, market-leading brands that fulfill its customers’ unique application needs. The Company’s strategy is to grow organically and through complementary acquisitions; simplify CIRCOR’s operations; achieve world class operational excellence; and attract and retain top industry talent. “
Several other equities research analysts also recently commented on the stock. KeyCorp upgraded shares of CIRCOR International from a “sector weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a research note on Monday, November 6th. Stifel Nicolaus lowered their price objective on shares of CIRCOR International from $66.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $60.00.
CIRCOR International (NYSE CIR) opened at $52.43 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 3.20 and a debt-to-equity ratio of 0.58. CIRCOR International has a 1-year low of $42.25 and a 1-year high of $72.96. The stock has a market cap of $865.12, a price-to-earnings ratio of 56.99 and a beta of 1.59.
CIRCOR International (NYSE:CIR) last released its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The business had revenue of $159.70 million for the quarter, compared to analyst estimates of $154.65 million. During the same period in the previous year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. sell-side analysts anticipate that CIRCOR International will post 1.62 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of CIR. SG Americas Securities LLC acquired a new position in CIRCOR International during the third quarter valued at $121,000. Quantbot Technologies LP increased its holdings in 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 buying an additional 2,470 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in CIRCOR International in the second quarter valued at $212,000. Municipal Employees Retirement System of Michigan increased its holdings in 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 buying an additional 2,320 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in CIRCOR International by 1.2% in the second quarter. Arizona State Retirement System now owns 8,638 shares of the industrial products company’s stock valued at $513,000 after buying an additional 100 shares in the last quarter.
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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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