Circor International Downgraded to Neutral at Zacks (CIR)
Circor International (NYSE:CIR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, StockRatingsNetwork reports. They currently have a $65.30 price objective on the stock. Zacks‘ price objective points to a potential upside of 8.22% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus raised their price target on shares of Circor International from $65.00 to $75.00 in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Circor International from $45.00 to $55.00 in a research note to investors on Friday, August 2nd. They now have a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $61.83.
Shares of Circor International (NYSE:CIR) traded down 2.06% on Tuesday, hitting $60.34. The stock had a trading volume of 85,804 shares. Circor International has a one year low of $32.78 and a one year high of $63.70. The stock’s 50-day moving average is $60.58 and its 200-day moving average is $52.84. The company has a market cap of $1.060 billion and a P/E ratio of 34.19.
Circor International (NYSE:CIR) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.13. The company had revenue of $223.60 million for the quarter, compared to the consensus estimate of $218.42 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts expect that Circor International will post $2.90 EPS for the current fiscal year.
CIRCOR International, Inc designs , manufactures and markets valves and other engineered products and sub-systems used in the energy, aerospace, power generation and other industrial markets.
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