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.

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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)).

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Analyst Recommendations for CIRCOR International (NYSE:CIR)

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