Shares of CIRCOR International, Inc. (NYSE:CIR) have earned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $49.25.
Several brokerages recently issued reports on CIR. Zacks Investment Research upgraded shares of CIRCOR International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Citigroup began coverage on shares of CIRCOR International in a research report on Tuesday, August 21st. They set a “neutral” rating and a $50.00 target price for the company. ValuEngine upgraded shares of CIRCOR International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 31st. Finally, KeyCorp cut their target price on shares of CIRCOR International from $53.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday.
Shares of CIR stock traded down $0.84 during trading hours on Monday, reaching $33.80. The company had a trading volume of 138,962 shares, compared to its average volume of 157,119. CIRCOR International has a one year low of $30.73 and a one year high of $54.89. The firm has a market capitalization of $741.95 million, a PE ratio of 19.77 and a beta of 2.15. The company has a quick ratio of 1.34, a current ratio of 2.30 and a debt-to-equity ratio of 1.40.
CIRCOR International (NYSE:CIR) last announced its quarterly earnings results on Monday, November 5th. The industrial products company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). CIRCOR International had a positive return on equity of 6.78% and a negative net margin of 2.22%. The company had revenue of $297.50 million during the quarter, compared to the consensus estimate of $296.49 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The business’s revenue was up 86.3% compared to the same quarter last year. Analysts anticipate that CIRCOR International will post 2.13 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Glen Harbor Capital Management LLC grew its position in CIRCOR International by 78.7% during the second quarter. Glen Harbor Capital Management LLC now owns 2,948 shares of the industrial products company’s stock valued at $109,000 after buying an additional 1,298 shares during the period. Riverhead Capital Management LLC boosted its position in shares of CIRCOR International by 76.3% in the second quarter. Riverhead Capital Management LLC now owns 3,467 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 1,500 shares during the period. Meadow Creek Investment Management LLC boosted its position in shares of CIRCOR International by 83.6% in the second quarter. Meadow Creek Investment Management LLC now owns 4,556 shares of the industrial products company’s stock worth $168,000 after purchasing an additional 2,074 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of CIRCOR International in the second quarter worth approximately $169,000. Finally, SG Americas Securities LLC bought a new position in shares of CIRCOR International in the second quarter worth approximately $215,000. Institutional investors own 90.13% of the company’s stock.
About CIRCOR International
CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Advanced Flow Solutions, and Fluid Handling. The Energy segment offers a range of flow control solutions and services, including valves, such as engineered trunion and floating ball valves; gate, globe, and check valves; and butterfly valves, as well as delayed coking unheading devices, and fluid catalytic converter and isolation valves.
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