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

Shares of CIRCOR International, Inc. (NYSE:CIR) have received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $47.00.

CIR has been the topic of several analyst reports. KeyCorp reiterated a “hold” rating on shares of CIRCOR International in a research note on Monday, August 26th. ValuEngine downgraded CIRCOR International from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 29th. Finally, Zacks Investment Research lowered CIRCOR International from a “buy” rating to a “hold” rating in a research note on Monday.

Several institutional investors have recently made changes to their positions in CIR. Gamco Investors INC. ET AL grew its stake in CIRCOR International by 1.0% during 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 buying an additional 19,590 shares during the last quarter. Gabelli Funds LLC grew its position in CIRCOR International by 0.3% during the 3rd quarter. Gabelli Funds LLC now owns 778,434 shares of the industrial products company’s stock worth $29,230,000 after acquiring an additional 2,112 shares during the last quarter. TimesSquare Capital Management LLC grew its position in CIRCOR International by 42.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 690,600 shares of the industrial products company’s stock worth $25,932,000 after acquiring an additional 206,925 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in CIRCOR International by 35.7% during the 3rd quarter. Peregrine Capital Management LLC now owns 482,636 shares of the industrial products company’s stock valued at $18,123,000 after purchasing an additional 126,960 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in CIRCOR International by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 215,759 shares of the industrial products company’s stock valued at $9,924,000 after purchasing an additional 6,985 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

NYSE:CIR opened at $43.87 on Tuesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.35 and a current ratio of 1.97. The company has a 50-day moving average of $41.49 and a 200-day moving average of $40.06. CIRCOR International has a 52 week low of $19.73 and a 52 week high of $47.80. The company has a market capitalization of $878.03 million, a price-to-earnings ratio of 20.79 and a beta of 2.20.

CIRCOR International (NYSE:CIR) last posted its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.16. The firm had revenue of $237.10 million during the quarter, compared to analyst estimates of $251.93 million. CIRCOR International had a negative net margin of 14.23% and a positive return on equity of 8.98%. The company’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. Sell-side analysts forecast that CIRCOR International will post 2.24 EPS for the current 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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