Circor International Inc. (NYSE:CIR) was upgraded by analysts at KeyCorp to an “overweight” rating in a research report issued on Monday, The Fly reports.
A number of other research analysts also recently issued reports on the company. SunTrust Banks Inc. upgraded Circor International from a “reduce” rating to a “hold” rating and boosted their price target for the company from $46.00 to $55.00 in a report on Friday. Zacks Investment Research downgraded Circor International from a “hold” rating to a “sell” rating in a report on Friday, October 7th. Finally, Stifel Nicolaus reduced their target price on Circor International from $68.00 to $61.00 and set a “buy” rating on the stock in a report on Monday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Circor International currently has an average rating of “Hold” and an average price target of $54.50.
Shares of Circor International (NYSE:CIR) opened at 51.94 on Monday. Circor International has a 12 month low of $32.79 and a 12 month high of $62.87. The company’s 50 day moving average price is $56.44 and its 200-day moving average price is $55.78. The stock has a market capitalization of $853.01 million, a P/E ratio of 128.25 and a beta of 1.39.
Circor International (NYSE:CIR) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. Circor International had a return on equity of 9.45% and a net margin of 1.09%. The company had revenue of $146.40 million for the quarter, compared to the consensus estimate of $144.01 million. During the same quarter in the previous year, the business earned $0.55 EPS. Circor International’s revenue was down 12.3% compared to the same quarter last year. Equities analysts predict that Circor International will post $2.19 earnings per share for the current year.
In other news, Director Douglas M. Hayes sold 3,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $890,390.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.20% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Emerald Acquisition Ltd. bought a new stake in shares of Circor International during the second quarter worth approximately $6,017,000. Bank of New York Mellon Corp boosted its stake in shares of Circor International by 19.7% in the second quarter. Bank of New York Mellon Corp now owns 367,614 shares of the company’s stock worth $20,953,000 after buying an additional 60,403 shares in the last quarter. EAM Investors LLC bought a new stake in shares of Circor International during the second quarter worth approximately $3,387,000. Netols Asset Management Inc. boosted 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 worth $6,556,000 after buying an additional 42,709 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted 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 worth $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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