CIRCOR International, Inc. (CIR) Stock Rating Upgraded by ValuEngine
CIRCOR International, Inc. (NYSE:CIR) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday, June 2nd.
Several other research firms have also commented on CIR. Zacks Investment Research lowered CIRCOR International from a “hold” rating to a “sell” rating in a research report on Tuesday, February 7th. Stifel Nicolaus lowered CIRCOR International from a “buy” rating to a “hold” rating and raised their price target for the stock from $69.00 to $74.00 in a research report on Friday, February 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. CIRCOR International presently has a consensus rating of “Hold” and a consensus target price of $64.25.
Shares of CIRCOR International (NYSE CIR) traded up 1.48% during trading on Friday, hitting $66.40. The company had a trading volume of 42,820 shares. The stock’s 50-day moving average price is $64.65 and its 200 day moving average price is $62.81. The company has a market capitalization of $1.10 billion, a P/E ratio of 99.25 and a beta of 1.68. CIRCOR International has a 52 week low of $48.11 and a 52 week high of $72.96.
CIRCOR International (NYSE:CIR) last issued its quarterly earnings data on Friday, April 28th. The industrial products company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.03. The business had revenue of $145.20 million during the quarter, compared to analysts’ expectations of $146.29 million. CIRCOR International had a return on equity of 7.21% and a net margin of 1.88%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. On average, equities research analysts forecast that CIRCOR International will post $2.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 8th. Stockholders of record on Thursday, May 25th were paid a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Tuesday, May 23rd. CIRCOR International’s payout ratio is currently 22.39%.
A number of hedge funds have recently bought and sold shares of CIR. Karp Capital Management Corp acquired a new stake in CIRCOR International during the first quarter worth $375,000. OppenheimerFunds Inc. boosted its stake in CIRCOR International by 32.5% in the first quarter. OppenheimerFunds Inc. now owns 7,797 shares of the industrial products company’s stock worth $463,000 after buying an additional 1,912 shares in the last quarter. Arizona State Retirement System boosted its stake in CIRCOR International by 1.2% in the first quarter. Arizona State Retirement System now owns 8,538 shares of the industrial products company’s stock worth $507,000 after buying an additional 100 shares in the last quarter. Comerica Bank boosted its stake in CIRCOR International by 5.9% in the fourth quarter. Comerica Bank now owns 17,988 shares of the industrial products company’s stock worth $1,124,000 after buying an additional 1,000 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in CIRCOR International by 4.2% in the first quarter. Teachers Advisors LLC now owns 28,910 shares of the industrial products company’s stock worth $1,718,000 after buying an additional 1,167 shares in the last quarter. Institutional investors own 99.32% of the company’s stock.
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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