CIRCOR International (NYSE:CIR) had its target price trimmed by Citigroup from $50.00 to $47.00 in a research report report published on Friday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the industrial products company’s stock.
Several other research analysts also recently issued reports on CIR. TheStreet upgraded shares of CIRCOR International from a d+ rating to a c- rating in a research note on Friday, May 31st. Sidoti raised shares of CIRCOR International from a neutral rating to a buy rating in a report on Thursday, July 18th. ValuEngine cut shares of CIRCOR International from a hold rating to a sell rating in a report on Tuesday, July 16th. Finally, Zacks Investment Research raised shares of CIRCOR International from a hold rating to a strong-buy rating and set a $53.00 price objective for the company in a report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $44.25.
Shares of NYSE CIR traded down $1.21 during midday trading on Friday, hitting $37.72. The stock had a trading volume of 259,058 shares, compared to its average volume of 368,461. The firm’s 50 day moving average is $42.88. The stock has a market cap of $756.23 million, a P/E ratio of 17.88 and a beta of 2.09. CIRCOR International has a 52 week low of $19.73 and a 52 week high of $48.70. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 1.42.
CIRCOR International (NYSE:CIR) last issued its earnings results on Thursday, August 1st. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $269.61 million during the quarter, compared to the consensus estimate of $277.06 million. CIRCOR International had a positive return on equity of 7.62% and a negative net margin of 2.59%. The company’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 EPS. Sell-side analysts expect that CIRCOR International will post 2.27 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CIR. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of CIRCOR International during the 2nd quarter valued at about $4,025,000. Gamco Investors INC. ET AL boosted its position in shares of CIRCOR International by 1.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,913,442 shares of the industrial products company’s stock valued at $88,018,000 after acquiring an additional 19,590 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of CIRCOR International by 22.3% during the 2nd quarter. SG Americas Securities LLC now owns 9,070 shares of the industrial products company’s stock valued at $417,000 after acquiring an additional 1,653 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of CIRCOR International during the 2nd quarter valued at about $31,000. Finally, Teton Advisors Inc. boosted its position in shares of CIRCOR International by 7.4% during the 1st quarter. Teton Advisors Inc. now owns 266,986 shares of the industrial products company’s stock valued at $8,704,000 after acquiring an additional 18,346 shares during the last quarter.
CIRCOR International Company Profile
CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Aerospace and Defense, and Industrial. 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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