CIRCOR International, Inc. (CIR) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of CIRCOR International, Inc. (NYSE:CIR) from a strong sell rating to a hold rating in a report released on Monday, July 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. “

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus lifted their price objective on shares of CIRCOR International from $68.00 to $74.00 and gave the stock a buy rating in a research report on Monday, May 1st. Sidoti raised shares of CIRCOR International from a neutral rating to a buy rating and set a $75.00 target price on the stock in a research report on Thursday, June 22nd. They noted that the move was a valuation call. ValuEngine raised shares of CIRCOR International from a sell rating to a hold rating in a research report on Friday, June 2nd. Finally, Seaport Global Securities downgraded shares of CIRCOR International from a neutral rating to a sell rating and dropped their target price for the stock from $70.00 to $60.00 in a research report on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. CIRCOR International presently has a consensus rating of Hold and a consensus target price of $65.83.

Shares of CIRCOR International (NYSE:CIR) opened at 48.27 on Monday. The company has a 50-day moving average price of $55.60 and a 200-day moving average price of $60.56. The firm has a market capitalization of $796.41 million, a P/E ratio of 49.56 and a beta of 1.66. CIRCOR International has a 12-month low of $47.46 and a 12-month high of $72.96.

CIRCOR International (NYSE:CIR) last issued its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by $0.07. CIRCOR International had a return on equity of 6.55% and a net margin of 2.74%. The firm had revenue of $151.20 million during the quarter, compared to analysts’ expectations of $158.09 million. During the same period in the previous year, the firm earned $0.53 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts predict that CIRCOR International will post $1.72 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “CIRCOR International, Inc. (CIR) Upgraded by Zacks Investment Research to “Hold”” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://www.com-unik.info/2017/08/12/zacks-investment-research-upgrades-circor-international-inc-cir-to-hold-updated-updated-updated.html.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.31%. The ex-dividend date is Monday, August 14th. CIRCOR International’s payout ratio is presently 15.31%.

Several large investors have recently added to or reduced their stakes in CIR. Norges Bank acquired a new stake in CIRCOR International during the fourth quarter worth about $25,177,000. Comerica Bank raised its stake in CIRCOR International by 5.9% in the fourth quarter. Comerica Bank now owns 17,988 shares of the industrial products company’s stock worth $1,124,000 after buying an additional 1,000 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in CIRCOR International by 0.5% in the first quarter. Thrivent Financial For Lutherans now owns 98,776 shares of the industrial products company’s stock worth $5,871,000 after buying an additional 470 shares during the last quarter. OppenheimerFunds Inc. raised its stake in CIRCOR International by 32.5% in the first quarter. OppenheimerFunds Inc. now owns 7,797 shares of the industrial products company’s stock worth $463,000 after buying an additional 1,912 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of CIRCOR International by 0.4% in the first quarter. Russell Investments Group Ltd. now owns 59,177 shares of the industrial products company’s stock worth $3,517,000 after buying an additional 236 shares in the last quarter.

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)).

Get a free copy of the Zacks research report on CIRCOR International (CIR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for CIRCOR International (NYSE:CIR)

What are top analysts saying about CIRCOR International Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CIRCOR International Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit