CIRCOR International (CIR) Stock Rating Upgraded by Zacks Investment Research

CIRCOR International (NYSE:CIR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $59.00 target price on the industrial products company’s stock. Zacks Investment Research‘s target price points to a potential upside of 12.85% from the company’s previous close.

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. “

A number of other brokerages have also recently commented on CIR. Stifel Nicolaus restated a “buy” rating and set a $66.00 target price on shares of CIRCOR International in a report on Tuesday, October 17th. KeyCorp restated a “hold” rating on shares of CIRCOR International in a report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $61.33.

CIRCOR International (CIR) opened at $52.28 on Wednesday. CIRCOR International has a twelve month low of $42.25 and a twelve month high of $72.96. The company has a market capitalization of $873.21, a PE ratio of 32.67 and a beta of 1.60. The company has a current ratio of 3.20, a quick ratio of 1.85 and a debt-to-equity ratio of 0.58.

CIRCOR International (NYSE:CIR) last announced its 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 6.30% and a net margin of 2.50%. The company had revenue of $159.70 million during the quarter, compared to analysts’ expectations of $154.65 million. During the same period last year, the business posted $0.46 EPS. CIRCOR International’s revenue for the quarter was up 18.5% on a year-over-year basis. equities analysts anticipate that CIRCOR International will post 1.62 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Thrivent Financial For Lutherans raised its position in CIRCOR International by 2.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 101,256 shares of the industrial products company’s stock valued at $6,012,000 after purchasing an additional 2,480 shares in the last quarter. Ameriprise Financial Inc. raised its position in CIRCOR International by 0.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 86,598 shares of the industrial products company’s stock valued at $5,142,000 after purchasing an additional 648 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in CIRCOR International by 1.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 44,522 shares of the industrial products company’s stock valued at $2,644,000 after purchasing an additional 783 shares in the last quarter. Teachers Advisors LLC raised its position in CIRCOR International by 3.0% in the 2nd quarter. Teachers Advisors LLC now owns 29,787 shares of the industrial products company’s stock valued at $1,769,000 after purchasing an additional 877 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in CIRCOR International by 2.3% in the 2nd quarter. California Public Employees Retirement System now owns 13,600 shares of the industrial products company’s stock valued at $808,000 after purchasing an additional 300 shares in the last quarter.

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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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