Circor International Inc. (CIR) Price Target Raised to $62.00 at Stifel Nicolaus
Circor International Inc. (NYSE:CIR) had its price target upped by stock analysts at Stifel Nicolaus from $60.00 to $62.00 in a note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 15.74% from the stock’s current price.
CIR has been the topic of a number of other reports. Zacks Investment Research lowered shares of Circor International from a “hold” rating to a “sell” rating in a research note on Friday, October 7th. KeyCorp initiated coverage on shares of Circor International in a research note on Tuesday, September 20th. They issued a “sector weight” rating on the stock. Finally, SunTrust Banks Inc. raised shares of Circor International from a “reduce” rating to a “hold” rating and raised their price target for the company from $46.00 to $55.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.50.
Circor International (NYSE:CIR) traded up 3.14% on Monday, hitting $53.57. The stock had a trading volume of 235,491 shares. The firm’s 50 day moving average price is $56.44 and its 200-day moving average price is $55.78. The stock has a market cap of $879.78 million, a PE ratio of 132.27 and a beta of 1.39. Circor International has a 12 month low of $32.79 and a 12 month high of $62.87.
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Circor International (NYSE:CIR) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. The firm had revenue of $146.40 million for the quarter, compared to analyst estimates of $144.01 million. Circor International had a net margin of 1.09% and a return on equity of 9.45%. Circor International’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS. On average, analysts forecast that Circor International will post $2.19 EPS for the current year.
In other news, Director Douglas M. Hayes sold 3,000 shares of Circor International stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $61.17, for a total transaction of $183,510.00. Following the sale, the director now 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 can be accessed through this link. 2.20% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in CIR. PineBridge Investments L.P. raised its stake in 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. BNP Paribas Arbitrage SA raised its stake in Circor International by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,411 shares of the company’s stock valued at $308,000 after buying an additional 2,767 shares during the last quarter. Arizona State Retirement System raised its stake in Circor International by 2.4% in the second quarter. Arizona State Retirement System now owns 8,538 shares of the company’s stock valued at $487,000 after buying an additional 200 shares during the last quarter. Nisa Investment Advisors L.L.C. raised its stake in Circor International by 14.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 16,600 shares of the company’s stock valued at $770,000 after buying an additional 2,100 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Circor International by 2.1% in the second quarter. California Public Employees Retirement System now owns 19,300 shares of the company’s stock valued at $1,100,000 after buying an additional 400 shares during the last quarter.
Circor International Company Profile
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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