CIRCOR International, Inc. (CIR) Lifted to Hold at Zacks Investment Research

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.

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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)).

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