CIRCOR International (CIR) Upgraded at Zacks Investment Research

CIRCOR International (NYSE:CIR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

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. “

Separately, ValuEngine raised CIRCOR International from a “strong sell” rating to a “sell” rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $38.67.

NYSE:CIR opened at $34.26 on Thursday. The company has a market cap of $670.13 million, a PE ratio of 16.24 and a beta of 2.60. CIRCOR International has a fifty-two week low of $19.73 and a fifty-two week high of $52.21. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 1.38.

CIRCOR International (NYSE:CIR) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. The firm had revenue of $270.40 million during the quarter, compared to analyst estimates of $257.09 million. CIRCOR International had a positive return on equity of 7.57% and a negative net margin of 2.59%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Sell-side analysts anticipate that CIRCOR International will post 2.09 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of CIRCOR International by 345.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,544 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 4,300 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of CIRCOR International during the fourth quarter valued at approximately $122,000. BNP Paribas Arbitrage SA boosted its stake in shares of CIRCOR International by 248.6% during the first quarter. BNP Paribas Arbitrage SA now owns 3,848 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 2,744 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in shares of CIRCOR International during the fourth quarter valued at approximately $161,000. Finally, SG Americas Securities LLC purchased a new stake in shares of CIRCOR International during the first quarter valued at approximately $242,000.

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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