CIRCOR International, Inc. (NYSE:CIR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

Several other equities research analysts have also issued reports on CIR. Stifel Nicolaus reissued a “buy” rating and issued a $72.00 target price on shares of CIRCOR International in a report on Friday, July 14th. SunTrust Banks, Inc. raised shares of CIRCOR International from a “hold” rating to a “buy” rating and cut their price objective for the company from $65.00 to $60.00 in a report on Tuesday, August 1st. KeyCorp reissued a “hold” rating on shares of CIRCOR International in a report on Sunday. Finally, BidaskClub lowered shares of CIRCOR International from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $63.00.

CIRCOR International (NYSE:CIR) traded down 2.83% during mid-day trading on Tuesday, reaching $43.95. 211,743 shares of the company were exchanged. The company has a market capitalization of $725.13 million, a PE ratio of 45.12 and a beta of 1.64. The stock has a 50-day moving average price of $53.02 and a 200 day moving average price of $56.84. CIRCOR International has a one year low of $43.50 and a one year high of $72.96.

CIRCOR International (NYSE:CIR) last posted its earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The business had revenue of $159.70 million for the quarter, compared to analysts’ expectations of $154.65 million. During the same quarter in the prior year, the business earned $0.46 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. Analysts predict that CIRCOR International will post $1.64 EPS for the current year.

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Several hedge funds have recently modified their holdings of the company. Quantbot Technologies LP lifted its holdings in shares of CIRCOR International by 454.0% during the second quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock worth $178,000 after purchasing an additional 2,470 shares during the period. Piedmont Investment Advisors LLC acquired a new position in CIRCOR International in the second quarter valued at approximately $212,000. Aperio Group LLC lifted its holdings in CIRCOR International by 9.2% in the second quarter. Aperio Group LLC now owns 6,891 shares of the industrial products company’s stock valued at $409,000 after acquiring an additional 579 shares during the period. OppenheimerFunds Inc. lifted its holdings 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 acquiring an additional 1,912 shares during the period. Finally, Arizona State Retirement System lifted its holdings in CIRCOR International by 1.2% in the second quarter. Arizona State Retirement System now owns 8,638 shares of the industrial products company’s stock valued at $513,000 after acquiring an additional 100 shares during the period.

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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