CIRCOR International (NYSE:CIR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm currently has a $59.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.49% from the company’s previous close.

According to Zacks, “CIRCOR International, Inc. designs, manufactures and markets flow control solutions and other highly engineered products and sub-systems for markets including oil & gas, aerospace, power, process and industrial solutions. CIRCOR has a diversified product portfolio with recognized, market-leading brands that fulfill its customers’ unique application needs. The Company’s strategy is to grow organically and through complementary acquisitions; simplify CIRCOR’s operations; achieve world class operational excellence; and attract and retain top industry talent. “

CIR has been the subject of a number of other research reports. Stifel Nicolaus reduced their price objective on CIRCOR International from $66.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, October 30th. KeyCorp upgraded CIRCOR International from a “sector weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. CIRCOR International presently has an average rating of “Hold” and a consensus target price of $61.33.

Shares of CIRCOR International (NYSE:CIR) traded up $0.41 during mid-day trading on Wednesday, hitting $52.92. The company’s stock had a trading volume of 60,044 shares, compared to its average volume of 94,564. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.20 and a quick ratio of 1.85. CIRCOR International has a 52 week low of $42.25 and a 52 week high of $72.96. The company has a market cap of $865.12, a P/E ratio of 56.90 and a beta of 1.60.

CIRCOR International (NYSE:CIR) last announced its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. CIRCOR International had a return on equity of 6.30% and a net margin of 2.50%. The company had revenue of $159.70 million during the quarter, compared to the consensus estimate of $154.65 million. During the same quarter last year, the company earned $0.46 EPS. The company’s quarterly revenue was up 18.5% on a year-over-year basis. equities analysts expect that CIRCOR International will post 1.62 EPS for the current year.

Several institutional investors have recently bought and sold shares of CIR. Teachers Advisors LLC lifted its position in shares of CIRCOR International by 3.0% during the 2nd quarter. Teachers Advisors LLC now owns 29,787 shares of the industrial products company’s stock worth $1,769,000 after buying an additional 877 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of CIRCOR International by 1.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 44,522 shares of the industrial products company’s stock worth $2,644,000 after buying an additional 783 shares during the period. Ameriprise Financial Inc. lifted its position in shares of CIRCOR International by 0.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 86,598 shares of the industrial products company’s stock worth $5,142,000 after buying an additional 648 shares during the period. Thrivent Financial For Lutherans lifted its position in shares of CIRCOR International by 2.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 101,256 shares of the industrial products company’s stock worth $6,012,000 after buying an additional 2,480 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of CIRCOR International by 2.3% during the 2nd quarter. California Public Employees Retirement System now owns 13,600 shares of the industrial products company’s stock worth $808,000 after buying an additional 300 shares during the period.

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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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