CIRCOR International (NYSE:CIR) Receives Buy Rating from Peel Hunt

Peel Hunt reissued their buy rating on shares of CIRCOR International (NYSE:CIR) in a research report released on Monday morning, Stock Target Advisor reports.

Several other equities analysts have also weighed in on CIR. Zacks Investment Research upgraded shares of CIRCOR International from a strong sell rating to a hold rating in a research report on Friday, October 11th. Sidoti upgraded shares of CIRCOR International from a neutral rating to a buy rating in a research report on Thursday, July 18th. ValuEngine lowered shares of CIRCOR International from a hold rating to a sell rating in a research report on Monday. Citigroup reduced their price objective on shares of CIRCOR International from $50.00 to $47.00 and set a neutral rating for the company in a research report on Friday, August 2nd. Finally, KeyCorp restated a hold rating on shares of CIRCOR International in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. CIRCOR International has a consensus rating of Hold and a consensus price target of $48.75.

Shares of NYSE:CIR traded up $0.24 during trading hours on Monday, hitting $37.58. 549 shares of the company’s stock traded hands, compared to its average volume of 113,749. CIRCOR International has a 52 week low of $19.73 and a 52 week high of $47.80. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.35 and a current ratio of 2.24. The company’s fifty day simple moving average is $36.62 and its two-hundred day simple moving average is $38.32. The company has a market cap of $734.29 million, a price-to-earnings ratio of 17.77 and a beta of 2.14.

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

A number of hedge funds have recently bought and sold shares of CIR. Peregrine Capital Management LLC lifted its stake in CIRCOR International by 35.7% during the third quarter. Peregrine Capital Management LLC now owns 482,636 shares of the industrial products company’s stock valued at $18,123,000 after buying an additional 126,960 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in CIRCOR International during the second quarter valued at about $4,025,000. Gamco Investors INC. ET AL lifted its position in shares of CIRCOR International by 1.0% in the second quarter. Gamco Investors INC. ET AL now owns 1,913,442 shares of the industrial products company’s stock worth $88,018,000 after purchasing an additional 19,590 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of CIRCOR International by 24.7% in the second quarter. Parametric Portfolio Associates LLC now owns 74,247 shares of the industrial products company’s stock worth $3,415,000 after purchasing an additional 14,705 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of CIRCOR International by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 215,759 shares of the industrial products company’s stock worth $9,924,000 after purchasing an additional 6,985 shares in the last quarter.

CIRCOR International Company Profile

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.

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Analyst Recommendations for CIRCOR International (NYSE:CIR)

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