Circor International Inc. (CIR) PT Raised to $62.00 at Stifel Nicolaus
Circor International Inc. (NYSE:CIR) had its target price hoisted by research analysts at Stifel Nicolaus from $60.00 to $62.00 in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 13.22% from the stock’s current price.
Other research analysts have also issued research reports about the company. Zacks Investment Research raised Circor International from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, June 28th. SunTrust Banks Inc. raised Circor International from a “reduce” rating to a “hold” rating and boosted their target price for the company from $46.00 to $55.00 in a report on Friday, October 14th. Finally, KeyCorp initiated coverage on Circor International in a report on Tuesday, September 20th. They issued a “sector weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $55.20.
Circor International (NYSE:CIR) opened at 54.76 on Monday. The stock’s 50 day moving average price is $56.08 and its 200-day moving average price is $56.02. Circor International has a 12 month low of $32.79 and a 12 month high of $62.87. The stock has a market cap of $899.32 million, a price-to-earnings ratio of 135.21 and a beta of 1.39.
Circor International (NYSE:CIR) last released its quarterly earnings results on Friday, July 29th. The company reported $0.53 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%. The firm’s revenue was down 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. Equities research analysts predict that Circor International will post $2.19 EPS for the current year.
In other Circor International 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 transaction, the director now 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 at this link. Company insiders own 2.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CIR. Thrivent Financial for Lutherans increased its position in Circor International by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 97,566 shares of the company’s stock worth $5,560,000 after buying an additional 700 shares in the last quarter. 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 worth $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 worth $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 worth $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 worth $5,878,000 after buying an additional 27,019 shares in 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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