CIRCOR International, Inc. (NYSE:CIR) was upgraded by stock analysts at KeyCorp to an “overweight” rating in a report issued on Monday.
Several other equities research analysts have also issued reports on the company. Zacks Investment Research lowered CIRCOR International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 17th. Stifel Nicolaus reissued a “buy” rating and set a $72.00 price target on shares of CIRCOR International in a research report on Friday, July 14th. BidaskClub lowered CIRCOR International from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, SunTrust Banks, Inc. raised CIRCOR International from a “hold” rating to a “buy” rating and dropped their price target for the company from $65.00 to $60.00 in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $63.00.
Shares of CIRCOR International (CIR) traded up $1.11 on Monday, hitting $44.07. The company’s stock had a trading volume of 117,096 shares, compared to its average volume of 105,909. CIRCOR International has a one year low of $42.25 and a one year high of $72.96. The firm has a market cap of $708.86, a price-to-earnings ratio of 26.52 and a beta of 1.55. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.85 and a current ratio of 3.20.
CIRCOR International (NYSE:CIR) last announced its earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. The company had revenue of $159.70 million for the quarter, compared to analyst estimates of $154.65 million. CIRCOR International had a return on equity of 6.30% and a net margin of 2.50%. CIRCOR International’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 EPS. analysts anticipate that CIRCOR International will post 1.61 earnings per share for the current year.
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Several hedge funds have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan raised its position in shares of CIRCOR International by 59.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,190 shares of the industrial products company’s stock valued at $337,000 after acquiring an additional 2,320 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in CIRCOR International during the 2nd quarter worth $212,000. Quantbot Technologies LP grew its stake in CIRCOR International by 454.0% during the 2nd quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock worth $178,000 after buying an additional 2,470 shares during the last quarter. California Public Employees Retirement System grew its stake in 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 last quarter. Finally, Thrivent Financial For Lutherans grew its stake in 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 last quarter.
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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