Stifel Nicolaus Lowers CIRCOR International, Inc. (CIR) Price Target to $57.00
CIRCOR International, Inc. (NYSE:CIR) had its price objective lowered by Stifel Nicolaus from $66.00 to $57.00 in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the industrial products company’s stock.
Several other research firms have also recently commented on CIR. Zacks Investment Research cut shares of CIRCOR International from a hold rating to a sell rating in a research report on Monday, July 10th. BidaskClub cut shares of CIRCOR International from a hold rating to a sell rating in a research report on Thursday, July 27th. KeyCorp restated a hold rating on shares of CIRCOR International in a research report on Tuesday, September 26th. Finally, SunTrust Banks, Inc. upgraded shares of CIRCOR International from a hold rating to a buy rating and decreased their target price for the stock from $65.00 to $60.00 in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $63.00.
CIRCOR International (NYSE:CIR) last announced its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The business had revenue of $159.70 million during the quarter, compared to the consensus estimate of $154.65 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year.
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Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP grew its position in CIRCOR International by 454.0% in the 2nd quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock worth $178,000 after purchasing an additional 2,470 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of CIRCOR International in the 2nd quarter worth approximately $212,000. Aperio Group LLC lifted its stake in shares of CIRCOR International by 9.2% in the 2nd quarter. Aperio Group LLC now owns 6,891 shares of the industrial products company’s stock worth $409,000 after acquiring an additional 579 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of CIRCOR International by 32.5% in the 1st quarter. OppenheimerFunds Inc. now owns 7,797 shares of the industrial products company’s stock worth $463,000 after acquiring an additional 1,912 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of CIRCOR International by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 8,638 shares of the industrial products company’s stock worth $513,000 after acquiring an additional 100 shares during the period.
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)).
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