Shares of CIRCOR International, Inc. (NYSE:CIR) hit a new 52-week low during trading on Thursday after Stifel Nicolaus lowered their price target on the stock from $61.00 to $54.00. Stifel Nicolaus currently has a buy rating on the stock. CIRCOR International traded as low as $41.90 and last traded at $42.21, with a volume of 193174 shares trading hands. The stock had previously closed at $47.00.
A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of CIRCOR International from a “buy” rating to a “hold” rating in a report on Friday, January 12th. ValuEngine lowered shares of CIRCOR International from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Finally, KeyCorp raised shares of CIRCOR International from a “sector weight” rating to an “overweight” rating and set a $53.00 target price on the stock in a report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $60.17.
A number of institutional investors have recently bought and sold shares of the stock. Gabelli Funds LLC increased its holdings in CIRCOR International by 1.5% during the 4th quarter. Gabelli Funds LLC now owns 964,730 shares of the industrial products company’s stock worth $46,963,000 after acquiring an additional 14,230 shares during the period. Teton Advisors Inc. increased its holdings in shares of CIRCOR International by 1.1% in the 4th quarter. Teton Advisors Inc. now owns 183,600 shares of the industrial products company’s stock worth $8,938,000 after buying an additional 2,000 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of CIRCOR International by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 134,894 shares of the industrial products company’s stock worth $6,566,000 after buying an additional 1,144 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of CIRCOR International by 15.8% in the 4th quarter. Rhumbline Advisers now owns 40,442 shares of the industrial products company’s stock worth $1,969,000 after buying an additional 5,518 shares during the last quarter. Finally, Kennedy Capital Management Inc. bought a new position in shares of CIRCOR International in the 4th quarter worth $1,727,000.
CIRCOR International (NYSE:CIR) last issued its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. The firm had revenue of $205.58 million for the quarter, compared to analyst estimates of $170.60 million. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. research analysts forecast that CIRCOR International, Inc. will post 1.62 EPS for the current year.
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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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