CIRCOR International, Inc. (NYSE:CIR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
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. “
CIR has been the subject of a number of other research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price on shares of CIRCOR International in a research note on Tuesday, October 17th. KeyCorp reiterated a “hold” rating on shares of CIRCOR International in a research note on Tuesday, September 26th. SunTrust Banks, Inc. upgraded CIRCOR International from a “hold” rating to a “buy” rating and lowered their target price for the company from $65.00 to $60.00 in a research note on Tuesday, August 1st. Finally, BidaskClub lowered CIRCOR International from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $63.00.
Shares of CIRCOR International (NYSE CIR) traded down 2.83% during trading on Tuesday, hitting $43.95. The stock had a trading volume of 211,743 shares. The stock’s 50-day moving average price is $53.02 and its 200-day moving average price is $56.84. The company has a market cap of $725.13 million, a P/E ratio of 45.12 and a beta of 1.64. CIRCOR International has a one year low of $43.50 and a one year high of $72.96.
CIRCOR International (NYSE:CIR) last posted its earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share (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 business had revenue of $159.70 million during the quarter, compared to analyst estimates of $154.65 million. During the same quarter last year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities research analysts forecast that CIRCOR International will post $1.64 EPS for the current fiscal year.
WARNING: This piece of content was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/10/31/circor-international-inc-cir-lifted-to-hold-at-zacks-investment-research.html.
A number of hedge funds and other institutional investors have recently modified their holdings of CIR. Quantbot Technologies LP grew its stake in CIRCOR International by 454.0% during the 2nd quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 2,470 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in CIRCOR International during the 2nd quarter valued at approximately $212,000. Aperio Group LLC grew its stake in CIRCOR International by 9.2% during the 2nd quarter. Aperio Group LLC now owns 6,891 shares of the industrial products company’s stock valued at $409,000 after purchasing an additional 579 shares in the last quarter. OppenheimerFunds Inc. grew its stake in CIRCOR International by 32.5% during the 1st quarter. OppenheimerFunds Inc. now owns 7,797 shares of the industrial products company’s stock valued at $463,000 after purchasing an additional 1,912 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in CIRCOR International by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 8,638 shares of the industrial products company’s stock valued at $513,000 after purchasing an additional 100 shares in the last quarter.
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)).
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.