CIRCOR International (CIR) Stock Rating Lowered by Sidoti

CIRCOR International (NYSE:CIR) was downgraded by stock analysts at Sidoti from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, The Fly reports.

Several other research analysts have also weighed in on CIR. Zacks Investment Research lowered shares of CIRCOR International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 27th. ValuEngine upgraded shares of 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, four have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $38.67.

CIR stock traded up $13.71 during midday trading on Tuesday, hitting $44.37. The company’s stock had a trading volume of 25,816 shares, compared to its average volume of 135,702. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 1.42. CIRCOR International has a twelve month low of $19.73 and a twelve month high of $52.21. The firm has a market capitalization of $618.83 million, a P/E ratio of 20.88 and a beta of 2.60.

CIRCOR International (NYSE:CIR) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. CIRCOR International had a negative net margin of 2.59% and a positive return on equity of 7.62%. The firm had revenue of $270.40 million for the quarter, compared to analyst estimates of $257.09 million. During the same period in the previous year, the business earned $0.40 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. As a group, equities research analysts forecast that CIRCOR International will post 2.2 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its stake in shares of CIRCOR International by 6.5% during the 1st quarter. Pinebridge Investments L.P. now owns 24,532 shares of the industrial products company’s stock worth $800,000 after purchasing an additional 1,503 shares during the last quarter. Geode Capital Management LLC grew its stake in CIRCOR International by 9.2% in the 1st quarter. Geode Capital Management LLC now owns 213,103 shares of the industrial products company’s stock valued at $6,947,000 after buying an additional 17,967 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in CIRCOR International by 30.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 59,542 shares of the industrial products company’s stock valued at $1,941,000 after buying an additional 14,051 shares during the last quarter. Teton Advisors Inc. grew its stake in CIRCOR International by 7.4% in the 1st quarter. Teton Advisors Inc. now owns 266,986 shares of the industrial products company’s stock valued at $8,704,000 after buying an additional 18,346 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in CIRCOR International by 3.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,893,852 shares of the industrial products company’s stock valued at $61,740,000 after buying an additional 71,240 shares during the last quarter.

CIRCOR International Company Profile

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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