KeyCorp upgraded shares of CIRCOR International, Inc. (NYSE:CIR) from a sector weight rating to an overweight rating in a research note issued to investors on Monday morning, MarketBeat Ratings reports. The brokerage currently has $53.00 target price on the industrial products company’s stock.
A number of other equities analysts also recently weighed in on CIR. Zacks Investment Research downgraded shares of CIRCOR International from a hold rating to a sell rating in a research note on Monday, July 10th. Stifel Nicolaus restated a buy rating and issued a $72.00 price target on shares of CIRCOR International in a report on Friday, July 14th. BidaskClub cut shares of CIRCOR International from a hold rating to a sell rating in a report on Thursday, July 27th. Finally, SunTrust Banks, Inc. upgraded shares of CIRCOR International from a hold rating to a buy rating and reduced their price objective for the company from $65.00 to $60.00 in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $61.00.
Shares of CIRCOR International (NYSE:CIR) opened at $44.39 on Monday. The company has a market cap of $733.28, a PE ratio of 27.43 and a beta of 1.55. CIRCOR International has a 52-week low of $42.25 and a 52-week high of $72.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.85 and a current ratio of 3.20.
CIRCOR International (NYSE:CIR) last announced its earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The business had revenue of $159.70 million during the quarter, compared to the consensus estimate of $154.65 million. During the same quarter last year, the firm earned $0.46 earnings per share. CIRCOR International’s quarterly revenue was up 18.5% on a year-over-year basis. sell-side analysts anticipate that CIRCOR International will post 1.61 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in CIR. SG Americas Securities LLC bought a new stake in CIRCOR International in the third quarter worth about $121,000. Quantbot Technologies LP raised its position in CIRCOR International by 454.0% in the second quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock worth $178,000 after acquiring an additional 2,470 shares during the period. Piedmont Investment Advisors LLC bought a new stake in CIRCOR International in the second quarter worth about $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 worth $337,000 after acquiring an additional 2,320 shares during the period. 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 worth $409,000 after acquiring 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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