CIRCOR International, Inc. (CIR) Stock Rating Lowered by Zacks Investment Research
CIRCOR International, Inc. (NYSE:CIR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.
According to Zacks, “CIRCOR International, Inc. designs, manufactures and distributes valves and related products and services for use in a wide range of applications to optimize the efficiency or ensure the safety of fluid-control systems. The valves and related fluid-control products we manufacture are used in processing industries; oil and gas production, pipeline construction and maintenance; aerospace, military and commercial aircraft; pharmaceutical, medical and analytical equipment; and maritime manufacturing and maintenance. “
Other equities research analysts have also recently issued reports about the company. ValuEngine upgraded CIRCOR International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Seaport Global Securities cut CIRCOR International from a “neutral” rating to a “sell” rating and decreased their price target for the company from $70.00 to $60.00 in a research report on Wednesday, June 21st. Stifel Nicolaus upgraded CIRCOR International from a “hold” rating to a “buy” rating and decreased their price target for the company from $74.00 to $68.00 in a research report on Monday, April 17th. Finally, Sidoti upgraded CIRCOR International from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. CIRCOR International currently has an average rating of “Hold” and an average target price of $65.33.
Shares of CIRCOR International (NYSE:CIR) traded down 0.45% during mid-day trading on Monday, reaching $57.69. 101,030 shares of the company’s stock were exchanged. The company has a market cap of $951.54 million, a PE ratio of 86.23 and a beta of 1.69. The company’s 50-day moving average price is $63.39 and its 200 day moving average price is $62.51. CIRCOR International has a 52-week low of $48.11 and a 52-week high of $72.96.
CIRCOR International (NYSE:CIR) last issued its quarterly earnings results on Friday, April 28th. The industrial products company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.03. The company had revenue of $145.20 million during the quarter, compared to analysts’ expectations of $146.29 million. CIRCOR International had a return on equity of 7.21% and a net margin of 1.88%. CIRCOR International’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. On average, equities research analysts predict that CIRCOR International will post $2.08 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in CIRCOR International by 2.5% in the first quarter. Geode Capital Management LLC now owns 125,051 shares of the industrial products company’s stock valued at $7,433,000 after buying an additional 2,998 shares during the period. Thrivent Financial For Lutherans boosted its position in CIRCOR International by 0.5% in the first quarter. Thrivent Financial For Lutherans now owns 98,776 shares of the industrial products company’s stock valued at $5,871,000 after buying an additional 470 shares during the period. Teachers Advisors LLC boosted its position in CIRCOR International by 4.2% in the first quarter. Teachers Advisors LLC now owns 28,910 shares of the industrial products company’s stock valued at $1,718,000 after buying an additional 1,167 shares during the period. OppenheimerFunds Inc. boosted its position in CIRCOR International by 32.5% in the first quarter. OppenheimerFunds Inc. now owns 7,797 shares of the industrial products company’s stock valued at $463,000 after buying an additional 1,912 shares during the period. Finally, Cortina Asset Management LLC bought a new position in CIRCOR International during the first quarter valued at $6,135,000. Institutional investors own 99.32% of the company’s stock.
CIRCOR International Company Profile
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)).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.