Circor International Inc. (CIR) Given New $62.00 Price Target at Stifel Nicolaus
Circor International Inc. (NYSE:CIR) had its price target lifted by Stifel Nicolaus from $60.00 to $62.00 in a research note published on Monday morning. The brokerage currently has a buy rating on the stock.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Circor International from a hold rating to a buy rating and set a $60.00 price target on the stock in a research report on Tuesday, June 28th. SunTrust Banks Inc. upgraded Circor International from a reduce rating to a hold rating and upped their price target for the company from $46.00 to $55.00 in a research report on Friday. Finally, KeyCorp started coverage on Circor International in a research report on Tuesday, September 20th. They set a sector weight rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $54.50.
Shares of Circor International (NYSE:CIR) traded up 0.80% during trading on Monday, hitting $54.00. 47,590 shares of the stock traded hands. The stock has a market cap of $886.84 million, a price-to-earnings ratio of 133.33 and a beta of 1.39. Circor International has a 1-year low of $32.79 and a 1-year high of $62.87. The stock has a 50 day moving average price of $56.25 and a 200-day moving average price of $55.96.
Circor International (NYSE:CIR) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Circor International had a return on equity of 9.45% and a net margin of 1.09%. The business had revenue of $146.40 million for the quarter, compared to analysts’ expectations of $144.01 million. During the same period in the previous year, the business posted $0.55 EPS. The firm’s quarterly revenue was down 12.3% compared to the same quarter last year. Equities analysts forecast that Circor International will post $2.19 EPS for the current year.
In related news, Director Douglas M. Hayes sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $61.17, for a total value of $183,510.00. Following the transaction, the director now directly owns 14,556 shares in the company, valued at $890,390.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in Circor International by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 97,566 shares of the company’s stock valued at $5,560,000 after buying an additional 700 shares during the period. Netols Asset Management Inc. boosted its position in Circor International by 59.1% in the second quarter. Netols Asset Management Inc. now owns 115,032 shares of the company’s stock valued at $6,556,000 after buying an additional 42,709 shares during the period. Teachers Advisors Inc. boosted its position in Circor International by 2.5% in the second quarter. Teachers Advisors Inc. now owns 25,986 shares of the company’s stock valued at $1,481,000 after buying an additional 638 shares during the period. PineBridge Investments L.P. boosted its position in Circor International by 7.5% in the second quarter. PineBridge Investments L.P. now owns 2,083 shares of the company’s stock valued at $119,000 after buying an additional 146 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Circor International by 35.5% in the second quarter. Ameriprise Financial Inc. now owns 103,139 shares of the company’s stock valued at $5,878,000 after buying an additional 27,019 shares during the period.
Circor International Company Profile
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems, which are used in the oil and gas, power generation, aerospace, defense and other industrial markets. The Company operates through two segments: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense).
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