Circor International Inc. (CIR) Upgraded to Overweight by KeyCorp
A number of other brokerages also recently issued reports on CIR. Zacks Investment Research downgraded Circor International from a hold rating to a sell rating in a report on Wednesday, July 20th. Stifel Nicolaus reduced their price target on Circor International from $68.00 to $61.00 and set a buy rating on the stock in a report on Monday, August 1st. Finally, SunTrust Banks Inc. upgraded Circor International from a reduce rating to a hold rating and boosted their price target for the company from $46.00 to $55.00 in a report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $54.50.
Circor International (NYSE:CIR) traded up 0.63% on Monday, hitting $53.91. The stock had a trading volume of 58,117 shares. Circor International has a 1-year low of $32.79 and a 1-year high of $62.87. The company has a market cap of $885.36 million, a P/E ratio of 133.11 and a beta of 1.39. The stock has a 50 day moving average price of $56.25 and a 200 day moving average price of $55.96.
Circor International (NYSE:CIR) last announced its quarterly 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 return on equity of 9.45% and a net margin of 1.09%. The company had revenue of $146.40 million for the quarter, compared to the consensus estimate of $144.01 million. During the same quarter in the previous year, the business earned $0.55 EPS. Circor International’s revenue was down 12.3% compared to the same quarter last year. On average, equities research analysts expect that Circor International will post $2.19 EPS for the current fiscal year.
In related news, Director Douglas M. Hayes sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $61.17, for a total value of $183,510.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. acquired a new position in Circor International during the second quarter valued at about $6,017,000. Bank of New York Mellon Corp boosted its position 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 valued at $20,953,000 after buying an additional 60,403 shares during the last quarter. EAM Investors LLC purchased a new position in Circor International during the second quarter valued at $3,387,000. Netols Asset Management Inc. boosted 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 during the last quarter. Finally, Ameriprise Financial Inc. boosted 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 during the last quarter.
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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