Zacks Investment Research downgraded shares of CIRCOR International, Inc. (NYSE:CIR) from a hold rating to a strong sell rating in a research note released on Tuesday, October 17th.
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. “
CIR has been the topic of a number of other reports. Stifel Nicolaus reaffirmed a buy rating and issued a $61.00 price target on shares of CIRCOR International in a research note on Sunday, September 3rd. KeyCorp reaffirmed a hold rating on shares of CIRCOR International in a research note on Tuesday, September 26th. BidaskClub lowered CIRCOR International from a hold rating to a sell rating in a research note on Thursday, July 27th. Seaport Global Securities lowered CIRCOR International from a neutral rating to a sell rating and lowered their price target for the stock from $70.00 to $60.00 in a research note on Wednesday, June 21st. Finally, SunTrust Banks, Inc. raised CIRCOR International from a hold rating to a buy rating and lowered their price target for the stock from $65.00 to $60.00 in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. CIRCOR International currently has a consensus rating of Hold and an average target price of $63.00.
Shares of CIRCOR International (CIR) traded up $1.11 during trading hours on Tuesday, hitting $44.07. The stock had a trading volume of 85,519 shares, compared to its average volume of 105,909. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.85 and a current ratio of 3.20. The stock has a market capitalization of $708.86, a PE ratio of 26.52 and a beta of 1.55. CIRCOR International has a 1 year low of $42.25 and a 1 year high of $72.96.
CIRCOR International (NYSE:CIR) last issued its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The firm had revenue of $159.70 million for the quarter, compared to analyst estimates of $154.65 million. CIRCOR International had a return on equity of 6.30% and a net margin of 2.50%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. research analysts expect that CIRCOR International will post 1.61 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP boosted its stake in CIRCOR International by 454.0% during the second quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock worth $178,000 after buying an additional 2,470 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in CIRCOR International in the second quarter valued at $212,000. Municipal Employees Retirement System of Michigan raised its position in CIRCOR International by 59.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,190 shares of the industrial products company’s stock valued at $337,000 after purchasing an additional 2,320 shares during the period. Karp Capital Management Corp purchased a new stake in CIRCOR International in the first quarter valued at $375,000. Finally, Aperio Group LLC raised its position in CIRCOR International by 9.2% in the second quarter. Aperio Group LLC now owns 6,891 shares of the industrial products company’s stock valued at $409,000 after purchasing an additional 579 shares during the period.
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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