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%.

COPYRIGHT VIOLATION WARNING: “CIRCOR International, Inc. (CIR) Stock Rating Upgraded by ValuEngine” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/06/15/valuengine-upgrades-circor-international-inc-cir-to-hold-updated.html.

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)).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Stock Ratings for CIRCOR International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CIRCOR International Inc. and related stocks with our FREE daily email newsletter.