KeyCorp Reiterates “Hold” Rating for CIRCOR International, Inc. (CIR)

CIRCOR International, Inc. (NYSE:CIR)‘s stock had its “hold” rating reiterated by investment analysts at KeyCorp in a research report issued to clients and investors on Sunday.

CIR has been the subject of several other reports. Zacks Investment Research cut shares of CIRCOR International from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 17th. Stifel Nicolaus restated a “buy” rating and set a $61.00 price target on shares of CIRCOR International in a report on Sunday, September 3rd. BidaskClub cut shares of CIRCOR International from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, SunTrust Banks, Inc. upgraded shares of CIRCOR International from a “hold” rating to a “buy” rating and decreased their price target for the stock from $65.00 to $60.00 in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $63.00.

CIRCOR International (NYSE:CIR) opened at 45.23 on Friday. The firm has a market cap of $746.25 million, a price-to-earnings ratio of 46.44 and a beta of 1.64. CIRCOR International has a 12 month low of $44.24 and a 12 month high of $72.96. The company’s 50-day moving average is $53.02 and its 200 day moving average is $56.84.

CIRCOR International (NYSE:CIR) last posted its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The business had revenue of $159.70 million during the quarter, compared to analysts’ expectations of $154.65 million. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. On average, equities research analysts predict that CIRCOR International will post $1.70 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of CIR. OppenheimerFunds Inc. raised its position in CIRCOR International by 32.5% during the first quarter. OppenheimerFunds Inc. now owns 7,797 shares of the industrial products company’s stock valued at $463,000 after acquiring an additional 1,912 shares in the last quarter. Teachers Advisors LLC raised its position in CIRCOR International by 4.2% during the first quarter. Teachers Advisors LLC now owns 28,910 shares of the industrial products company’s stock valued at $1,718,000 after acquiring an additional 1,167 shares in the last quarter. Geode Capital Management LLC raised its position in CIRCOR International by 2.5% during the first quarter. Geode Capital Management LLC now owns 125,051 shares of the industrial products company’s stock valued at $7,433,000 after acquiring an additional 2,998 shares in the last quarter. Aperio Group LLC raised its position in CIRCOR International by 9.2% during the second quarter. Aperio Group LLC now owns 6,891 shares of the industrial products company’s stock valued at $409,000 after acquiring an additional 579 shares in the last quarter. Finally, Arizona State Retirement System raised its position in CIRCOR International by 1.2% during the second quarter. Arizona State Retirement System now owns 8,638 shares of the industrial products company’s stock valued at $513,000 after acquiring an additional 100 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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