CIRCOR International, Inc. (CIR) Upgraded by Zacks Investment Research to Buy

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.

WARNING: “CIRCOR International, Inc. (CIR) Upgraded by Zacks Investment Research to Buy” was posted by BBNS and is the sole property of of BBNS. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The correct version of this article can be read at https://baseballnewssource.com/markets/circor-international-inc-cir-upgraded-by-zacks-investment-research-to-buy/345605.html.

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).

5 Day Chart for NYSE:CIR

Receive News & 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 companies with our FREE daily email newsletter.

 

Latest News

Garrett Richards Returns Without Tommy John Surgery
Garrett Richards Returns Without Tommy John Surgery
Chris Tillman Injury Will Test Rotation Depth with Orioles
Chris Tillman Injury Will Test Rotation Depth with Orioles
Brandon Phillips Traded to Atlanta by Cincinnati
Brandon Phillips Traded to Atlanta by Cincinnati
Rumor: Miami Marlins Reach Tentative Agreement to Sell
Rumor: Miami Marlins Reach Tentative Agreement to Sell
Cody Bellinger Might Be Answer to Dodgers Offensive Woes
Cody Bellinger Might Be Answer to Dodgers Offensive Woes
MLB Commissioner: Pace of Play Must Be Focused On
MLB Commissioner: Pace of Play Must Be Focused On


Leave a Reply

 
© 2006-2017 BBNS.