CIRCOR International (NYSE:CIR) Rating Lowered to Sell at ValuEngine

ValuEngine downgraded shares of CIRCOR International (NYSE:CIR) from a hold rating to a sell rating in a research note released on Monday morning, ValuEngine reports.

Other research analysts also recently issued reports about the company. KeyCorp restated a hold rating on shares of CIRCOR International in a research note on Monday, August 26th. Citigroup lowered their price objective on CIRCOR International from $50.00 to $47.00 and set a neutral rating for the company in a research note on Friday, August 2nd. Zacks Investment Research upgraded CIRCOR International from a strong sell rating to a hold rating in a research note on Friday, October 11th. Stifel Nicolaus upgraded CIRCOR International from a hold rating to a buy rating and lowered their price objective for the stock from $50.00 to $47.00 in a research note on Sunday, August 4th. Finally, Sidoti upgraded CIRCOR International from a neutral rating to a buy rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $48.75.

Shares of CIR stock traded up $0.43 on Monday, hitting $37.77. 3,011 shares of the stock traded hands, compared to its average volume of 113,749. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.24 and a quick ratio of 1.35. The company has a market capitalization of $734.29 million, a PE ratio of 17.90 and a beta of 2.14. CIRCOR International has a 1-year low of $19.73 and a 1-year high of $47.80. The company’s fifty day moving average is $36.62 and its 200 day moving average is $38.32.

CIRCOR International (NYSE:CIR) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). The firm had revenue of $269.61 million for the quarter, compared to analyst estimates of $277.06 million. CIRCOR International had a negative net margin of 4.81% and a positive return on equity of 7.47%. The business’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. As a group, equities research analysts expect that CIRCOR International will post 2.21 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new position in CIRCOR International during the 2nd quarter worth $31,000. SG Americas Securities LLC grew its stake in CIRCOR International by 22.3% during the 2nd quarter. SG Americas Securities LLC now owns 9,070 shares of the industrial products company’s stock worth $417,000 after buying an additional 1,653 shares during the last quarter. Wilen Investment Management CORP. grew its stake in CIRCOR International by 30.0% during the 2nd quarter. Wilen Investment Management CORP. now owns 12,794 shares of the industrial products company’s stock worth $582,000 after buying an additional 2,952 shares during the last quarter. Panagora Asset Management Inc. bought a new position in CIRCOR International during the 2nd quarter worth $192,000. Finally, UBS Asset Management Americas Inc. grew its stake in shares of CIRCOR International by 64.0% in the second quarter. UBS Asset Management Americas Inc. now owns 11,149 shares of the industrial products company’s stock worth $513,000 after purchasing an additional 4,349 shares in the last quarter.

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: What does an outperform rating mean?

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Analyst Recommendations for CIRCOR International (NYSE:CIR)

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