Sidoti upgraded shares of CIRCOR International (NYSE:CIR) from a neutral rating to a buy rating in a research note released on Thursday, BenzingaRatingsTable reports.
CIR has been the topic of several other research reports. TheStreet cut shares of Weibo from a b- rating to a c+ rating in a research note on Friday, May 31st. ValuEngine upgraded shares of Vale from a sell rating to a hold rating in a research note on Tuesday, July 16th. Citigroup cut shares of Apergy from a buy rating to a neutral rating and lowered their target price for the company from $41.00 to $34.00 in a research note on Tuesday, July 9th. Finally, Zacks Investment Research upgraded shares of 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. CIRCOR International has an average rating of Buy and a consensus price target of $45.00.
Shares of CIRCOR International stock opened at $38.74 on Thursday. The company has a market cap of $770.96 million, a PE ratio of 18.54 and a beta of 2.11. The stock has a 50-day moving average price of $44.25. CIRCOR International has a 1 year low of $19.73 and a 1 year high of $48.70. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 1.42.
CIRCOR International (NYSE:CIR) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.38. The company had revenue of $270.40 million for the quarter, compared to analysts’ expectations of $257.09 million. CIRCOR International had a negative net margin of 2.59% and a positive return on equity of 7.62%. CIRCOR International’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 EPS. Research analysts anticipate that CIRCOR International will post 2.27 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of CIR. United Services Automobile Association lifted its stake in CIRCOR International by 1.0% during the 4th quarter. United Services Automobile Association now owns 171,943 shares of the industrial products company’s stock valued at $3,662,000 after acquiring an additional 1,770 shares during the period. Geode Capital Management LLC lifted its stake in CIRCOR International by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 195,136 shares of the industrial products company’s stock valued at $4,156,000 after acquiring an additional 8,705 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in CIRCOR International by 345.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,544 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 4,300 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in CIRCOR International during the 4th quarter valued at about $122,000. Finally, Norges Bank purchased a new stake in shares of CIRCOR International during the 4th quarter valued at about $4,219,000.
About CIRCOR International
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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