Circor International Inc. (CIR) Upgraded to “Hold” by SunTrust Banks Inc.
SunTrust Banks Inc. upgraded shares of Circor International Inc. (NYSE:CIR) from a reduce rating to a hold rating in a report published on Friday morning. They currently have $55.00 price objective on the stock, up from their prior price objective of $46.00.
A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Circor International from a hold rating to a sell rating in a research report on Friday, October 7th. KeyCorp began coverage on shares of Circor International in a research report on Tuesday, September 20th. They issued a sector weight rating on the stock. Finally, Stifel Nicolaus cut their price target on shares of Circor International from $68.00 to $61.00 and set a buy rating on the stock in a research report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $54.50.
Circor International (NYSE:CIR) traded up 3.35% on Friday, hitting $53.68. 130,020 shares of the stock traded hands. Circor International has a 12-month low of $32.79 and a 12-month high of $62.87. The firm has a market cap of $881.59 million, a price-to-earnings ratio of 132.54 and a beta of 1.39. The stock has a 50-day moving average of $56.44 and a 200-day moving average of $55.78.
Circor International (NYSE:CIR) last released its earnings results on Friday, July 29th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The company had revenue of $146.40 million for the quarter, compared to the consensus estimate of $144.01 million. During the same period in the prior year, the company posted $0.55 EPS. The company’s revenue was down 12.3% compared to the same quarter last year. Analysts forecast that Circor International will post $2.19 earnings per share for the current year.
In related news, Director Douglas M. Hayes sold 3,000 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $61.17, for a total transaction of $183,510.00. Following the completion of the sale, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $890,390.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CIR. Nisa Investment Advisors L.L.C. boosted its stake in Circor International by 14.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 16,600 shares of the company’s stock worth $770,000 after buying an additional 2,100 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Circor International by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 56,405 shares of the company’s stock worth $2,617,000 after buying an additional 506 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Circor International by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,411 shares of the company’s stock worth $308,000 after buying an additional 2,767 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Circor International by 19.7% in the second quarter. Bank of New York Mellon Corp now owns 367,614 shares of the company’s stock worth $20,953,000 after buying an additional 60,403 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in Circor International during the second quarter worth about $6,017,000.
About Circor International
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems, which are used in the oil and gas, power generation, aerospace, defense and other industrial markets. The Company operates through two segments: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense).
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