CIRCOR International, Inc. (NYSE:CIR) Receives $48.75 Average PT from Analysts

CIRCOR International, Inc. (NYSE:CIR) has been given an average rating of “Buy” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $48.75.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised CIRCOR International from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a report on Tuesday, June 25th. Sidoti raised CIRCOR International from a “neutral” rating to a “buy” rating in a report on Thursday, July 18th. ValuEngine downgraded CIRCOR International from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. Stifel Nicolaus raised CIRCOR International from a “hold” rating to a “buy” rating and cut their price objective for the company from $50.00 to $47.00 in a report on Sunday, August 4th. Finally, Citigroup cut their price objective on CIRCOR International from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 2nd.

Shares of NYSE CIR traded down $0.91 during trading hours on Wednesday, hitting $35.94. The company had a trading volume of 136,769 shares, compared to its average volume of 343,763. The stock has a market capitalization of $748.82 million, a PE ratio of 17.03 and a beta of 2.09. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.24 and a quick ratio of 1.35. CIRCOR International has a 1-year low of $19.73 and a 1-year high of $48.70. The firm’s 50 day moving average price is $41.77.

CIRCOR International (NYSE:CIR) last released its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $269.61 million during the quarter, compared to analyst estimates of $277.06 million. CIRCOR International had a negative net margin of 4.81% and a positive return on equity of 7.47%. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. Equities research analysts expect that CIRCOR International will post 2.25 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of CIR. Steward Partners Investment Advisory LLC bought a new stake in CIRCOR International in the 2nd quarter valued at $31,000. Metropolitan Life Insurance Co. NY increased its position in CIRCOR International by 345.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,544 shares of the industrial products company’s stock worth $118,000 after buying an additional 4,300 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in CIRCOR International during the 4th quarter worth $122,000. BNP Paribas Arbitrage SA increased its position in CIRCOR International by 248.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,848 shares of the industrial products company’s stock worth $125,000 after buying an additional 2,744 shares during the period. Finally, Panagora Asset Management Inc. bought a new position in CIRCOR International during the 2nd quarter worth $192,000.

About CIRCOR International

CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Aerospace and Defense, and Industrial. The Energy segment offers a range of flow control solutions and services, including valves, such as engineered trunion and floating ball valves; gate, globe, and check valves; and butterfly valves, as well as delayed coking unheading devices and fluid catalytic converter and isolation valves.

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