Zacks Investment Research Downgrades CIRCOR International (CIR) to Hold

CIRCOR International (NYSE:CIR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

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. “

Several other analysts also recently issued reports on CIR. KeyCorp reissued a “hold” rating on shares of CIRCOR International in a research note on Tuesday, September 26th. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price target on shares of CIRCOR International in a research note on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $60.00.

CIRCOR International (NYSE CIR) traded up $0.55 on Friday, hitting $52.43. The company’s stock had a trading volume of 39,927 shares, compared to its average volume of 81,064. CIRCOR International has a 1 year low of $42.25 and a 1 year high of $72.96. The firm has a market cap of $865.15, a P/E ratio of 32.36 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.20 and a quick ratio of 1.85.

CIRCOR International (NYSE:CIR) last released its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. CIRCOR International had a return on equity of 6.30% and a net margin of 2.50%. The firm had revenue of $159.70 million for the quarter, compared to the consensus estimate of $154.65 million. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. research analysts expect that CIRCOR International will post 1.62 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its position in shares of CIRCOR International by 2.3% in the second quarter. California Public Employees Retirement System now owns 13,600 shares of the industrial products company’s stock valued at $808,000 after acquiring an additional 300 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of CIRCOR International by 0.8% in the second quarter. Ameriprise Financial Inc. now owns 86,598 shares of the industrial products company’s stock valued at $5,142,000 after acquiring an additional 648 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of CIRCOR International by 1.8% in the second quarter. TIAA CREF Investment Management LLC now owns 44,522 shares of the industrial products company’s stock valued at $2,644,000 after acquiring an additional 783 shares during the last quarter. Teachers Advisors LLC increased its position in shares of CIRCOR International by 3.0% in the second quarter. Teachers Advisors LLC now owns 29,787 shares of the industrial products company’s stock valued at $1,769,000 after acquiring an additional 877 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of CIRCOR International in the third quarter valued at about $121,000.

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About CIRCOR International

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)).

Analyst Recommendations for CIRCOR International (NYSE:CIR)

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