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.
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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)).
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