Zacks Investment Research upgraded shares of CIRCOR International, Inc. (NYSE:CIR) from a strong sell rating to a hold rating in a research report sent to investors 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 equities analysts also recently issued reports about the stock. Stifel Nicolaus increased their price objective on shares of CIRCOR International from $68.00 to $74.00 and gave the company a buy rating in a report on Monday, May 1st. Sidoti upgraded shares of CIRCOR International from a neutral rating to a buy rating and set a $75.00 target price for the company in a research report on Thursday, June 22nd. They noted that the move was a valuation call. ValuEngine upgraded shares of CIRCOR International from a sell rating to a hold rating in a research report on Friday, June 2nd. Finally, Seaport Global Securities cut shares of CIRCOR International from a neutral rating to a sell rating and reduced their target price for the company from $70.00 to $60.00 in a research report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average price target of $65.00.
CIRCOR International (NYSE:CIR) opened at 52.07 on Monday. CIRCOR International has a 1-year low of $48.11 and a 1-year high of $72.96. The firm has a 50-day moving average price of $59.73 and a 200-day moving average price of $61.39. The firm has a market capitalization of $858.84 million, a PE ratio of 77.83 and a beta of 1.69.
CIRCOR International (NYSE:CIR) last posted its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The company had revenue of $151.20 million for the quarter, compared to analysts’ expectations of $158.09 million. CIRCOR International had a net margin of 1.88% and a return on equity of 7.21%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Equities analysts expect that CIRCOR International will post $2.02 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in CIRCOR International during the fourth quarter valued at about $25,177,000. Bank of New York Mellon Corp boosted its stake in CIRCOR International by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 220,207 shares of the industrial products company’s stock valued at $13,089,000 after buying an additional 8,173 shares during the last quarter. Geode Capital Management LLC boosted its stake in CIRCOR International by 2.5% in 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 buying an additional 2,998 shares during the last quarter. Cortina Asset Management LLC purchased a new stake in CIRCOR International during the first quarter valued at about $6,135,000. Finally, Thrivent Financial For Lutherans boosted 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 valued at $5,871,000 after buying an additional 470 shares during 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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