Stifel Nicolaus restated their buy rating on shares of CIRCOR International, Inc. (NYSE:CIR) in a research report sent to investors on Tuesday, October 17th. They currently have a $66.00 price target on the industrial products company’s stock.
CIR has been the subject of a number of other reports. SunTrust Banks, Inc. upgraded shares of CIRCOR International from a hold rating to a buy rating and lowered their target price for the company from $65.00 to $60.00 in a report on Tuesday, August 1st. Sidoti upgraded shares of CIRCOR International from a neutral rating to a buy rating and set a $75.00 target price for the company in a report on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of CIRCOR International from a sell rating to a hold rating in a research note on Friday, September 29th. KeyCorp reiterated a hold rating on shares of CIRCOR International in a research note on Tuesday, September 26th. Finally, BidaskClub downgraded shares of CIRCOR International from a hold rating to a sell rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $63.00.
Shares of CIRCOR International (CIR) traded up $0.09 on Tuesday, reaching $43.05. 15,133 shares of the company’s stock were exchanged, compared to its average volume of 105,909. The company has a current ratio of 3.20, a quick ratio of 1.85 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $708.86, a PE ratio of 26.52 and a beta of 1.55. CIRCOR International has a one year low of $42.25 and a one year high of $72.96.
CIRCOR International (NYSE:CIR) last posted its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $159.70 million during the quarter, compared to analyst estimates of $154.65 million. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share. research analysts predict that CIRCOR International will post 1.61 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP grew its position in shares of 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 acquiring an additional 2,470 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in CIRCOR International during the second quarter valued at about $212,000. Karp Capital Management Corp purchased a new stake in CIRCOR International during the first quarter valued at about $375,000. Aperio Group LLC lifted its position in shares of 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 purchasing an additional 579 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of 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 purchasing an additional 1,912 shares in the last quarter.
CIRCOR International Company Profile
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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