Circor International Inc. (CIR) Upgraded by Zacks Investment Research to Hold
Circor International Inc. (NYSE:CIR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note 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. “
Other analysts have also issued reports about the company. Stifel Nicolaus increased their target price on Circor International from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Monday. KeyCorp raised Circor International from a “sector weight” rating to an “overweight” rating and set a $58.00 target price on the stock in a report on Monday. Finally, SunTrust Banks Inc. raised Circor International from a “reduce” rating to a “hold” rating and increased their target price for the stock from $46.00 to $55.00 in a report on Friday. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.20.
Shares of Circor International (NYSE:CIR) traded up 2.22% during mid-day trading on Tuesday, reaching $54.76. The company’s stock had a trading volume of 207,707 shares. 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 $899.32 million, a PE ratio of 135.21 and a beta of 1.39. The company has a 50-day moving average of $56.25 and a 200-day moving average of $55.96.
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, topping the consensus estimate of $0.46 by $0.07. The company had revenue of $146.40 million for the quarter, compared to analyst estimates of $144.01 million. Circor International had a return on equity of 9.45% and a net margin of 1.09%. Circor International’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS. On average, analysts predict 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 firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $61.17, for a total value of $183,510.00. Following the sale, the director now directly owns 14,556 shares of the company’s stock, valued at $890,390.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in CIR. Thrivent Financial for Lutherans raised its stake in Circor International by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 97,566 shares of the company’s stock valued at $5,560,000 after buying an additional 700 shares during the period. Netols Asset Management Inc. increased its position in Circor International by 59.1% in the second quarter. Netols Asset Management Inc. now owns 115,032 shares of the company’s stock valued at $6,556,000 after buying an additional 42,709 shares in the last quarter. Teachers Advisors Inc. increased its position in Circor International by 2.5% in the second quarter. Teachers Advisors Inc. now owns 25,986 shares of the company’s stock valued at $1,481,000 after buying an additional 638 shares in the last quarter. PineBridge Investments L.P. increased its position in Circor International by 7.5% in the second quarter. PineBridge Investments L.P. now owns 2,083 shares of the company’s stock valued at $119,000 after buying an additional 146 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Circor International by 35.5% in the second quarter. Ameriprise Financial Inc. now owns 103,139 shares of the company’s stock valued at $5,878,000 after buying an additional 27,019 shares in the last quarter.
Circor International Company Profile
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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