Circor International Inc. (NYSE:CIR) was upgraded by equities researchers at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued to investors on Monday. The firm presently has a $58.00 price objective on the stock. KeyCorp’s price objective would suggest a potential upside of 5.92% from the company’s current price.
A number of other brokerages also recently issued reports on CIR. Zacks Investment Research downgraded Circor International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Stifel Nicolaus lowered their target price on Circor International from $68.00 to $61.00 and set a “buy” rating for the company in a report on Monday, August 1st. Finally, SunTrust Banks Inc. upgraded Circor International from a “reduce” rating to a “hold” rating and raised their target price for the company from $46.00 to $55.00 in a report on Friday, October 14th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $55.20.
Circor International (NYSE:CIR) opened at 54.76 on Monday. Circor International has a 12-month low of $32.79 and a 12-month high of $62.87. The firm has a market cap of $899.32 million, a P/E ratio of 135.21 and a beta of 1.39. The stock’s 50 day moving average is $56.08 and its 200 day moving average is $56.02.
Circor International (NYSE:CIR) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The firm earned $146.40 million during the quarter, compared to the consensus estimate of $144.01 million. Circor International had a return on equity of 9.45% and a net margin of 1.09%. The company’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. On average, equities research analysts expect that Circor International will post $2.19 EPS for the current year.
In related news, Director Douglas M. Hayes sold 3,000 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $61.17, for a total value of $183,510.00. Following the completion of the transaction, the director now directly owns 14,556 shares in the company, valued at $890,390.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its position in Circor International by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 97,566 shares of the company’s stock valued at $5,560,000 after buying an additional 700 shares during the last quarter. Netols Asset Management Inc. raised its stake in shares of Circor International by 59.1% in the second quarter. Netols Asset Management Inc. now owns 115,032 shares of the company’s stock valued at $6,556,000 after buying an additional 42,709 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of Circor International by 2.5% in the second quarter. Teachers Advisors Inc. now owns 25,986 shares of the company’s stock valued at $1,481,000 after buying an additional 638 shares in the last quarter. PineBridge Investments L.P. raised its stake in shares of Circor International by 7.5% in the second quarter. PineBridge Investments L.P. now owns 2,083 shares of the company’s stock valued at $119,000 after buying an additional 146 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Circor International by 35.5% in the second quarter. Ameriprise Financial Inc. now owns 103,139 shares of the company’s stock valued at $5,878,000 after buying an additional 27,019 shares in the last quarter.
About Circor International
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems, which are used in the oil and gas, power generation, aerospace, defense and other industrial markets. The Company operates through two segments: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense).
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