Zacks Investment Research upgraded shares of CIRCOR International (NYSE:CIR) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. The brokerage currently has $59.00 target price on the industrial products company’s stock.
According to Zacks, “CIRCOR International, Inc. designs, manufactures and markets flow control solutions and other highly engineered products and sub-systems for markets including oil & gas, aerospace, power, process and industrial solutions. CIRCOR has a diversified product portfolio with recognized, market-leading brands that fulfill its customers’ unique application needs. The Company’s strategy is to grow organically and through complementary acquisitions; simplify CIRCOR’s operations; achieve world class operational excellence; and attract and retain top industry talent. “
CIR has been the topic of several other reports. Stifel Nicolaus cut their price target on shares of CIRCOR International from $66.00 to $57.00 and set a buy rating on the stock in a research report on Monday, October 30th. KeyCorp raised shares of CIRCOR International from a sector weight rating to an overweight rating and set a $53.00 price target on the stock in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $61.33.
CIRCOR International (NYSE:CIR) last issued its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The firm had revenue of $159.70 million for the quarter, compared to analysts’ expectations of $154.65 million. During the same period in the previous year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. analysts expect that CIRCOR International will post 1.62 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the business. Thrivent Financial For Lutherans lifted its position in CIRCOR International by 2.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 101,256 shares of the industrial products company’s stock worth $6,012,000 after buying an additional 2,480 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of CIRCOR International by 0.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 86,598 shares of the industrial products company’s stock valued at $5,142,000 after purchasing an additional 648 shares during the period. TIAA CREF Investment Management LLC raised its holdings in shares of CIRCOR International by 1.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 44,522 shares of the industrial products company’s stock valued at $2,644,000 after purchasing an additional 783 shares during the period. Teachers Advisors LLC raised its holdings in shares of CIRCOR International by 3.0% in the 2nd quarter. Teachers Advisors LLC now owns 29,787 shares of the industrial products company’s stock valued at $1,769,000 after purchasing an additional 877 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of CIRCOR International by 2.3% in the 2nd quarter. California Public Employees Retirement System now owns 13,600 shares of the industrial products company’s stock valued at $808,000 after purchasing an additional 300 shares during the period.
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CIRCOR International Company Profile
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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