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. “

A number of other brokerages also recently weighed in on CIR. Stifel Nicolaus reissued a “buy” rating and set a $66.00 price target on shares of CIRCOR International in a research report on Tuesday, October 17th. KeyCorp reissued a “hold” rating on shares of CIRCOR International in a research report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $60.00.

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

CIRCOR International (NYSE:CIR) last announced its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $159.70 million for the quarter, compared to the consensus estimate of $154.65 million. CIRCOR International had a return on equity of 6.30% and a net margin of 2.50%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. equities analysts forecast that CIRCOR International will post 1.62 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in CIR. SG Americas Securities LLC acquired a new position in CIRCOR International during the third quarter worth approximately $121,000. Quantbot Technologies LP boosted its holdings in shares of CIRCOR International by 454.0% during the second quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company’s stock worth $178,000 after acquiring an additional 2,470 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of CIRCOR International during the second quarter worth approximately $212,000. Municipal Employees Retirement System of Michigan boosted its holdings in shares of CIRCOR International by 59.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 6,190 shares of the industrial products company’s stock worth $337,000 after acquiring an additional 2,320 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of CIRCOR International by 2.3% during the second quarter. California Public Employees Retirement System now owns 13,600 shares of the industrial products company’s stock worth $808,000 after acquiring an additional 300 shares during the period.

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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)).

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