ValuEngine Lowers CIRCOR International (NYSE:CIR) to Sell

ValuEngine downgraded shares of CIRCOR International (NYSE:CIR) from a hold rating to a sell rating in a research report released on Tuesday morning, ValuEngine reports.

CIR has been the topic of a number of other research reports. TheStreet downgraded Weibo from a b- rating to a c+ rating in a research note on Friday, May 31st. Zacks Investment Research upgraded FirstService from a strong sell rating to a hold rating and set a $110.00 target price on the stock in a research note on Tuesday, June 25th. Sidoti downgraded CIRCOR International from a buy rating to a neutral rating in a research note on Tuesday, May 21st. Finally, Citigroup downgraded Apergy from a buy rating to a neutral rating and lowered their target price for the stock from $41.00 to $34.00 in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. CIRCOR International currently has an average rating of Buy and an average target price of $45.00.

Shares of CIR stock opened at $38.10 on Tuesday. The company has a 50-day moving average price of $44.34. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $739.12 million, a price-to-earnings ratio of 18.06 and a beta of 2.10. CIRCOR International has a fifty-two week low of $19.73 and a fifty-two week high of $48.70.

CIRCOR International (NYSE:CIR) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $270.40 million for the quarter, compared to analyst estimates of $257.09 million. CIRCOR International had a positive return on equity of 7.62% and a negative net margin of 2.59%. The company’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 earnings per share. On average, equities analysts expect that CIRCOR International will post 2.27 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of CIR. Gamco Investors INC. ET AL boosted its position in CIRCOR International by 3.9% during the first quarter. Gamco Investors INC. ET AL now owns 1,893,852 shares of the industrial products company’s stock worth $61,740,000 after purchasing an additional 71,240 shares in the last quarter. Teton Advisors Inc. boosted its position in CIRCOR International by 7.4% during the first quarter. Teton Advisors Inc. now owns 266,986 shares of the industrial products company’s stock worth $8,704,000 after purchasing an additional 18,346 shares in the last quarter. Norges Bank purchased a new position in CIRCOR International during the fourth quarter worth approximately $4,219,000. Geode Capital Management LLC boosted its position in CIRCOR International by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 195,136 shares of the industrial products company’s stock worth $4,156,000 after purchasing an additional 8,705 shares in the last quarter. Finally, United Services Automobile Association boosted its position in CIRCOR International by 1.0% during the fourth quarter. United Services Automobile Association now owns 171,943 shares of the industrial products company’s stock worth $3,662,000 after purchasing an additional 1,770 shares in the last quarter.

CIRCOR International Company Profile

CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Aerospace and Defense, and Industrial. The Energy segment offers a range of flow control solutions and services, including valves, such as engineered trunion and floating ball valves; gate, globe, and check valves; and butterfly valves, as well as delayed coking unheading devices and fluid catalytic converter and isolation valves.

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