Zacks Investment Research upgraded shares of CIRCOR International, Inc. (NYSE:CIR) from a hold rating to a buy rating in a report issued on Tuesday morning. Zacks Investment Research currently has $68.00 target price on the stock.
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 several other reports. KeyCorp began coverage on CIRCOR International in a research report on Tuesday, September 20th. They issued a sector weight rating on the stock. Stifel Nicolaus upped their price objective on CIRCOR International from $59.00 to $69.00 and gave the company a buy rating in a research report on Monday, December 5th. Finally, SunTrust Banks, Inc. raised CIRCOR International from a reduce rating to a hold rating and upped their price objective for the company from $46.00 to $55.00 in a research report on Friday, October 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $58.20.
CIRCOR International (NYSE:CIR) traded up 3.33% during trading on Tuesday, hitting $63.60. The stock had a trading volume of 110,380 shares. CIRCOR International has a 52-week low of $32.79 and a 52-week high of $69.54. The company has a 50-day moving average price of $64.95 and a 200-day moving average price of $59.20. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 54.92 and a beta of 1.41.
CIRCOR International (NYSE:CIR) last issued its quarterly earnings results on Friday, October 28th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. CIRCOR International had a return on equity of 8.67% and a net margin of 3.23%. The firm had revenue of $134.80 million for the quarter, compared to analysts’ expectations of $133.74 million. During the same period in the previous year, the firm posted $0.64 EPS. The business’s revenue for the quarter was down 15.4% compared to the same quarter last year. Equities research analysts forecast that CIRCOR International will post $1.91 EPS for the current year.
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In other news, VP Arjun Sharma sold 762 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $62.00, for a total value of $47,244.00. Following the completion of the sale, the vice president now directly owns 10,985 shares in the company, valued at approximately $681,070. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Citadel Advisors LLC bought a new stake in CIRCOR International during the third quarter valued at approximately $619,000. California State Teachers Retirement System raised its stake in CIRCOR International by 0.9% in the third quarter. California State Teachers Retirement System now owns 34,877 shares of the company’s stock valued at $2,077,000 after buying an additional 300 shares during the period. SG Americas Securities LLC bought a new stake in CIRCOR International during the third quarter valued at approximately $158,000. Municipal Employees Retirement System of Michigan raised its stake in CIRCOR International by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the company’s stock valued at $217,000 after buying an additional 60 shares during the period. Finally, Rhumbline Advisers raised its stake in CIRCOR International by 3.8% in the third quarter. Rhumbline Advisers now owns 27,761 shares of the company’s stock valued at $1,653,000 after buying an additional 1,015 shares during the period. Hedge funds and other institutional investors own 99.32% of the company’s stock.
CIRCOR International Company Profile
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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