Zacks Investment Research Upgrades CIRCOR International, Inc. (CIR) to “Hold”
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.
COPYRIGHT VIOLATION NOTICE: “Zacks Investment Research Upgrades CIRCOR International, Inc. (CIR) to “Hold”” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/31/zacks-investment-research-upgrades-circor-international-inc-cir-to-hold.html.
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)).
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.