Circor International Inc. (CIR) Upgraded by SunTrust Banks Inc. to Hold
Circor International Inc. (NYSE:CIR) was upgraded by research analysts at SunTrust Banks Inc. from a “reduce” rating to a “hold” rating in a research note issued to investors on Friday, The Fly reports.
CIR has been the topic of several other research reports. Zacks Investment Research lowered shares of Circor International from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Stifel Nicolaus lowered their target price on shares of Circor International from $68.00 to $61.00 and set a “buy” rating on the stock in a report on Monday, August 1st. Finally, KeyCorp assumed coverage on shares of Circor International in a report on Tuesday, September 20th. They set a “sector weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $49.50.
Circor International (NYSE:CIR) opened at 49.36 on Friday. The stock has a market capitalization of $810.64 million, a P/E ratio of 121.88 and a beta of 1.39. The stock has a 50 day moving average of $56.69 and a 200 day moving average of $55.74. Circor International has a 52-week low of $32.79 and a 52-week high of $62.87.
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Circor International (NYSE:CIR) last posted its earnings results on Friday, July 29th. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The business had revenue of $146.40 million for the quarter, compared to analyst estimates of $144.01 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The firm’s quarterly revenue was down 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Circor International will post $2.19 EPS for the current year.
In other Circor International news, Director Douglas M. Hayes sold 3,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $61.17, for a total transaction of $183,510.00. Following the transaction, the director now directly owns 14,556 shares in the company, valued at approximately $890,390.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CIR. Gamco Investors INC. ET AL increased its position in Circor International by 0.7% in the second quarter. Gamco Investors INC. ET AL now owns 1,556,241 shares of the company’s stock worth $88,690,000 after buying an additional 10,700 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in Circor International by 1.0% in the second quarter. Silvercrest Asset Management Group LLC now owns 598,573 shares of the company’s stock worth $34,112,000 after buying an additional 6,105 shares during the last quarter. Bank of New York Mellon Corp increased its position in Circor International by 19.7% in the second quarter. Bank of New York Mellon Corp now owns 367,614 shares of the company’s stock worth $20,953,000 after buying an additional 60,403 shares during the last quarter. Macquarie Group Ltd. increased its position in Circor International by 3.1% in the second quarter. Macquarie Group Ltd. now owns 335,997 shares of the company’s stock worth $19,148,000 after buying an additional 10,246 shares during the last quarter. Finally, Netols Asset Management Inc. increased its position in Circor International by 59.1% in the second quarter. Netols Asset Management Inc. now owns 115,032 shares of the company’s stock worth $6,556,000 after buying an additional 42,709 shares during the last quarter.
About Circor International
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).
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