CIRCOR International, Inc. (NYSE:CIR) Given Consensus Recommendation of “Buy” by Brokerages

CIRCOR International, Inc. (NYSE:CIR) has been given an average rating of “Buy” by the seven brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $45.00.

Several brokerages recently commented on CIR. Zacks Investment Research raised shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price on the stock in a research note on Tuesday, June 25th. Citigroup downgraded Apergy from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $41.00 to $34.00 in a research report on Tuesday, July 9th. Sidoti upgraded CIRCOR International from a “neutral” rating to a “buy” rating in a research report on Thursday. TheStreet downgraded Weibo from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. Finally, ValuEngine upgraded Vale from a “sell” rating to a “hold” rating in a research report on Tuesday.

Several large investors have recently added to or reduced their stakes in CIR. Teton Advisors Inc. increased its holdings in CIRCOR International by 7.4% in the first quarter. Teton Advisors Inc. now owns 266,986 shares of the industrial products company’s stock valued at $8,704,000 after buying an additional 18,346 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in CIRCOR International by 3.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,893,852 shares of the industrial products company’s stock valued at $61,740,000 after buying an additional 71,240 shares during the last quarter. Comerica Bank grew its stake in CIRCOR International by 2.7% in the 1st quarter. Comerica Bank now owns 19,522 shares of the industrial products company’s stock valued at $697,000 after buying an additional 517 shares during the last quarter. SG Americas Securities LLC acquired a new position in CIRCOR International in the 1st quarter valued at about $242,000. Finally, BNP Paribas Arbitrage SA grew its stake in CIRCOR International by 248.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,848 shares of the industrial products company’s stock valued at $125,000 after buying an additional 2,744 shares during the last quarter.

Shares of NYSE:CIR traded up $0.96 during trading on Friday, hitting $38.10. 772,121 shares of the company traded hands, compared to its average volume of 279,903. The company has a market capitalization of $763.80 million, a PE ratio of 18.06 and a beta of 2.10. The stock has a fifty day simple moving average of $44.43. CIRCOR International has a one year low of $19.73 and a one year high of $48.70. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 1.42.

CIRCOR International (NYSE:CIR) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $0.38 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. CIRCOR International had a negative net margin of 2.59% and a positive return on equity of 7.62%. The company had revenue of $270.40 million during the quarter, compared to analyst estimates of $257.09 million. During the same quarter last year, the business posted $0.40 earnings per share. The company’s revenue was down 1.9% on a year-over-year basis. Equities research analysts predict that CIRCOR International will post 2.27 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.

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