CIRCOR International, Inc. (NYSE:CIR) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “CIRCOR International, Inc. designs, manufactures and distributes valves and related products and services for use in a wide range of applications to optimize the efficiency or ensure the safety of fluid-control systems. The valves and related fluid-control products we manufacture are used in processing industries; oil and gas production, pipeline construction and maintenance; aerospace, military and commercial aircraft; pharmaceutical, medical and analytical equipment; and maritime manufacturing and maintenance. “

Several other analysts have also recently commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price objective on shares of CIRCOR International in a research note on Tuesday. KeyCorp reiterated a “hold” rating on shares of CIRCOR International in a research note on Tuesday, September 26th. BidaskClub cut shares of CIRCOR International from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. SunTrust Banks, Inc. upgraded shares of CIRCOR International from a “hold” rating to a “buy” rating and reduced their price objective for the company from $65.00 to $60.00 in a research note on Tuesday, August 1st. Finally, Sidoti upgraded shares of CIRCOR International from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $63.80.

CIRCOR International (NYSE CIR) traded down 1.31% during mid-day trading on Tuesday, hitting $54.38. 31,632 shares of the stock were exchanged. The company has a market cap of $897.22 million, a P/E ratio of 55.83 and a beta of 1.64. The company has a 50-day moving average price of $51.78 and a 200-day moving average price of $57.23. CIRCOR International has a one year low of $46.97 and a one year high of $72.96.

CIRCOR International (NYSE:CIR) last announced its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.07). CIRCOR International had a net margin of 2.74% and a return on equity of 6.55%. The company had revenue of $151.20 million during the quarter, compared to analyst estimates of $158.09 million. During the same quarter last year, the business earned $0.53 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts forecast that CIRCOR International will post $1.71 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Gamco Investors INC. ET AL raised its position in CIRCOR International by 0.8% during the second quarter. Gamco Investors INC. ET AL now owns 1,498,058 shares of the industrial products company’s stock worth $88,955,000 after acquiring an additional 11,444 shares during the last quarter. William Blair Investment Management LLC raised its position in CIRCOR International by 6.4% during the second quarter. William Blair Investment Management LLC now owns 319,747 shares of the industrial products company’s stock worth $18,987,000 after acquiring an additional 19,311 shares during the last quarter. Bank of New York Mellon Corp raised its position in CIRCOR International by 3.9% during the first quarter. Bank of New York Mellon Corp now owns 220,207 shares of the industrial products company’s stock worth $13,089,000 after acquiring an additional 8,173 shares during the last quarter. Geode Capital Management LLC raised its position in CIRCOR International by 2.5% during the first quarter. Geode Capital Management LLC now owns 125,051 shares of the industrial products company’s stock worth $7,433,000 after acquiring an additional 2,998 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in CIRCOR International by 2.5% during the second quarter. Thrivent Financial For Lutherans now owns 101,256 shares of the industrial products company’s stock worth $6,012,000 after acquiring an additional 2,480 shares during the last quarter.

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)).

Analyst Recommendations for CIRCOR International (NYSE:CIR)

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