CIRCOR International, Inc. (CIR) Stock Rating Lowered by BidaskClub
CIRCOR International, Inc. (NYSE:CIR) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.
Other research analysts have also recently issued research reports about the company. Stifel Nicolaus increased their price objective on CIRCOR International from $68.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. Zacks Investment Research cut CIRCOR International from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Sidoti upgraded CIRCOR International from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Thursday, June 22nd. They noted that the move was a valuation call. SunTrust Banks, Inc. upgraded CIRCOR International from a “hold” rating to a “buy” rating and cut their price objective for the stock from $65.00 to $60.00 in a research report on Tuesday, August 1st. Finally, Seaport Global Securities cut CIRCOR International from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $70.00 to $60.00 in a research report on Wednesday, June 21st. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. CIRCOR International currently has a consensus rating of “Hold” and a consensus target price of $65.83.
CIRCOR International (NYSE CIR) traded up 1.17% during trading on Friday, hitting $51.05. 105,207 shares of the stock traded hands. The stock has a market cap of $842.27 million, a P/E ratio of 52.41 and a beta of 1.66. The firm’s 50-day moving average is $58.77 and its 200-day moving average is $61.20. CIRCOR International has a 12 month low of $48.11 and a 12 month high of $72.96.
CIRCOR International (NYSE:CIR) last released its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The business had revenue of $151.20 million during the quarter, compared to analysts’ expectations of $158.09 million. CIRCOR International had a return on equity of 6.55% and a net margin of 2.74%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. On average, analysts forecast that CIRCOR International will post $1.73 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in CIR. Norges Bank purchased a new position in shares of CIRCOR International during the fourth quarter worth $25,177,000. Thrivent Financial For Lutherans boosted its position in shares of 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 worth $5,871,000 after buying an additional 470 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of CIRCOR International by 32.5% in the first quarter. OppenheimerFunds Inc. now owns 7,797 shares of the industrial products company’s stock worth $463,000 after buying an additional 1,912 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of CIRCOR International by 0.4% in the first quarter. Russell Investments Group Ltd. now owns 59,177 shares of the industrial products company’s stock worth $3,517,000 after buying an additional 236 shares in the last quarter. Finally, Cortina Asset Management LLC purchased a new position in shares of CIRCOR International during the first quarter worth $6,135,000.
About CIRCOR International
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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