CIRCOR International, Inc. (NYSE:CIR) Given Average Rating of “Buy” by Analysts

CIRCOR International, Inc. (NYSE:CIR) has earned an average rating of “Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $48.75.

A number of research analysts have commented on CIR shares. ValuEngine lowered CIRCOR International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Sidoti raised CIRCOR International from a “neutral” rating to a “buy” rating in a research report on Thursday, July 18th. Zacks Investment Research raised CIRCOR International from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research report on Tuesday, June 25th. TheStreet raised CIRCOR International from a “d+” rating to a “c-” rating in a research report on Friday, May 31st. Finally, Citigroup decreased their target price on CIRCOR International from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd.

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of 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 acquiring an additional 8,705 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of CIRCOR International by 345.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,544 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 4,300 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of CIRCOR International during the fourth quarter worth about $122,000. Norges Bank bought a new position in shares of CIRCOR International during the fourth quarter worth about $4,219,000. Finally, Nisa Investment Advisors LLC raised its position in shares of CIRCOR International by 49.6% during the first quarter. Nisa Investment Advisors LLC now owns 12,060 shares of the industrial products company’s stock worth $393,000 after acquiring an additional 4,000 shares during the last quarter.

CIR traded down $0.94 during midday trading on Wednesday, reaching $35.36. 184,600 shares of the company’s stock traded hands, compared to its average volume of 210,438. The firm has a fifty day moving average price of $40.82. The company has a market cap of $733.50 million, a PE ratio of 16.76 and a beta of 2.09. The company has a quick ratio of 1.35, a current ratio of 2.24 and a debt-to-equity ratio of 1.47. CIRCOR International has a 52 week low of $19.73 and a 52 week high of $48.70.

CIRCOR International (NYSE:CIR) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The business had revenue of $269.61 million for the quarter, compared to the consensus estimate of $277.06 million. CIRCOR International had a negative net margin of 4.81% and a positive return on equity of 7.47%. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS. As a group, equities analysts predict that CIRCOR International will post 2.25 earnings per share for the current fiscal year.

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.

Further Reading: Outstanding Shares and The Effect on Share Price

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