Circor International Inc. (CIR) Lifted to Overweight at KeyCorp
Circor International Inc. (NYSE:CIR) was upgraded by stock analysts at KeyCorp to an “overweight” rating in a research note issued to investors on Monday, The Fly reports.
A number of other research firms have also recently weighed in on CIR. Stifel Nicolaus upped their price objective on shares of Circor International from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research raised shares of Circor International from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Tuesday, June 28th. Finally, SunTrust Banks Inc. raised shares of Circor International from a “reduce” rating to a “hold” rating and upped their price objective for the company from $46.00 to $55.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $54.50.
Circor International (NYSE:CIR) opened at 51.94 on Monday. The firm has a market cap of $853.01 million, a PE ratio of 128.25 and a beta of 1.39. Circor International has a 12 month low of $32.79 and a 12 month high of $62.87. The company has a 50-day moving average price of $56.44 and a 200 day moving average price of $55.78.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/17/circor-international-inc-cir-lifted-to-overweight-at-keycorp.html
Circor International (NYSE:CIR) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The firm earned $146.40 million during the quarter, compared to analysts’ expectations of $144.01 million. During the same period in the prior year, the company earned $0.55 EPS. The firm’s revenue was down 12.3% on a year-over-year basis. Equities research analysts anticipate 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 value of $183,510.00. Following the completion of the transaction, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $890,390.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.20% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its position in Circor International by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 97,566 shares of the company’s stock worth $5,560,000 after buying an additional 700 shares during the last quarter. Netols Asset Management Inc. boosted its position in shares of Circor International by 59.1% in the second quarter. Netols Asset Management Inc. now owns 115,032 shares of the company’s stock valued at $6,556,000 after buying an additional 42,709 shares during the last quarter. Teachers Advisors Inc. boosted its position in shares of Circor International by 2.5% in the second quarter. Teachers Advisors Inc. now owns 25,986 shares of the company’s stock valued at $1,481,000 after buying an additional 638 shares during the last quarter. PineBridge Investments L.P. boosted its position in shares of Circor International by 7.5% in the second quarter. PineBridge Investments L.P. now owns 2,083 shares of the company’s stock valued at $119,000 after buying an additional 146 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Circor International by 35.5% in the second quarter. Ameriprise Financial Inc. now owns 103,139 shares of the company’s stock valued at $5,878,000 after buying an additional 27,019 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).
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 MarketBeat.com's FREE daily email newsletter.