CIRCOR International, Inc. (NYSE:CIR) was upgraded by investment analysts at Sidoti from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $75.00 target price on the industrial products company’s stock. Sidoti’s price target would indicate a potential upside of 29.31% from the company’s previous close. The analysts noted that the move was a valuation call.
Several other brokerages also recently weighed in on CIR. Stifel Nicolaus raised their target price on CIRCOR International from $68.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, May 1st. ValuEngine upgraded CIRCOR International from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Seaport Global Securities downgraded CIRCOR International from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $70.00 to $60.00 in a research note on Wednesday, June 21st. Finally, Zacks Investment Research downgraded CIRCOR International from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.33.
Shares of CIRCOR International (NYSE CIR) opened at 58.00 on Thursday. The stock has a market capitalization of $956.65 million, a P/E ratio of 86.70 and a beta of 1.68. The stock has a 50 day moving average price of $64.68 and a 200 day moving average price of $62.90. CIRCOR International has a 12-month low of $48.11 and a 12-month high of $72.96.
CIRCOR International (NYSE:CIR) last announced its earnings results on Friday, April 28th. The industrial products company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.03. The business had revenue of $145.20 million for the quarter, compared to analyst estimates of $146.29 million. CIRCOR International had a net margin of 1.88% and a return on equity of 7.21%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, equities analysts anticipate that CIRCOR International will post $2.08 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, May 25th were paid a $0.038 dividend. The ex-dividend date was Tuesday, May 23rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.26%. CIRCOR International’s dividend payout ratio (DPR) is 22.39%.
ILLEGAL ACTIVITY NOTICE: “Sidoti Upgrades CIRCOR International, Inc. (CIR) to Buy” was published by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://baseballnewssource.com/markets/sidoti-upgrades-circor-international-inc-cir-to-buy/1095038.html.
A number of institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in CIRCOR International during the fourth quarter worth approximately $25,177,000. Cortina Asset Management LLC purchased a new position in CIRCOR International during the first quarter worth approximately $6,135,000. Russell Investments Group Ltd. purchased a new position in CIRCOR International during the fourth quarter worth approximately $3,841,000. Bank of New York Mellon Corp increased its position in CIRCOR International by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 220,207 shares of the industrial products company’s stock worth $13,089,000 after buying an additional 8,173 shares during the period. Finally, Karp Capital Management Corp purchased a new position in CIRCOR International during the first quarter worth approximately $375,000. Institutional investors and hedge funds own 99.32% of the company’s stock.
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)).
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.