CIRCOR International (NYSE:CIR) Raised to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of CIRCOR International (NYSE:CIR) from a sell rating to a strong-buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports. They currently have $46.00 target price on the industrial products company’s stock.

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. “

CIR has been the topic of several other research reports. Stifel Nicolaus raised shares of CIRCOR International from a hold rating to a buy rating and dropped their price objective for the stock from $50.00 to $47.00 in a research note on Sunday, August 4th. Peel Hunt reissued a buy rating on shares of CIRCOR International in a research note on Monday, October 21st. Citigroup dropped their price objective on shares of CIRCOR International from $50.00 to $47.00 and set a neutral rating on the stock in a research note on Friday, August 2nd. Sidoti raised shares of CIRCOR International from a neutral rating to a buy rating in a research note on Thursday, July 18th. Finally, ValuEngine lowered shares of CIRCOR International from a sell rating to a strong sell rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $46.67.

Shares of CIR traded up $0.77 during trading hours on Tuesday, reaching $42.27. 123,995 shares of the company traded hands, compared to its average volume of 186,055. The company’s fifty day moving average price is $37.65 and its two-hundred day moving average price is $38.59. The company has a market capitalization of $795.20 million, a price-to-earnings ratio of 20.03 and a beta of 2.12. The company has a quick ratio of 1.35, a current ratio of 2.24 and a debt-to-equity ratio of 1.47. CIRCOR International has a 12 month low of $19.73 and a 12 month high of $47.80.

CIRCOR International (NYSE:CIR) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.16. The firm had revenue of $237.10 million for the quarter, compared to analyst estimates of $251.93 million. CIRCOR International had a negative net margin of 4.81% and a positive return on equity of 7.47%. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, analysts expect that CIRCOR International will post 2.21 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. TimesSquare Capital Management LLC boosted its stake in CIRCOR International by 42.8% during the third quarter. TimesSquare Capital Management LLC now owns 690,600 shares of the industrial products company’s stock worth $25,932,000 after acquiring an additional 206,925 shares in the last quarter. SG Americas Securities LLC boosted its stake in CIRCOR International by 105.0% during the third quarter. SG Americas Securities LLC now owns 18,590 shares of the industrial products company’s stock worth $698,000 after acquiring an additional 9,520 shares in the last quarter. Gabelli Funds LLC boosted its stake in CIRCOR International by 0.3% during the third quarter. Gabelli Funds LLC now owns 778,434 shares of the industrial products company’s stock worth $29,230,000 after acquiring an additional 2,112 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in CIRCOR International by 42.1% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 124,337 shares of the industrial products company’s stock worth $4,669,000 after acquiring an additional 36,837 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in CIRCOR International during the third quarter worth about $98,000.

About CIRCOR International

CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Aerospace and Defense, and Industrial. The Energy segment offers a range of flow control solutions and services, including valves, such as engineered trunion and floating ball valves; gate, globe, and check valves; and butterfly valves, as well as delayed coking unheading devices and fluid catalytic converter and isolation valves.

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