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 analysts have also weighed in on CIR. Stifel Nicolaus upped their price target on shares of CIRCOR International from $17.00 to $32.00 and gave the stock a buy rating in a research note on Monday, June 1st. ValuEngine raised shares of CIRCOR International from a sell rating to a hold rating in a research note on Tuesday, June 30th. Finally, Citigroup reduced their price target on shares of CIRCOR International from $38.00 to $14.00 and set a neutral rating for the company in a research note on Wednesday, April 1st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. CIRCOR International presently has a consensus rating of Hold and a consensus target price of $31.25.
CIRCOR International stock opened at $26.22 on Wednesday. The company has a quick ratio of 1.72, a current ratio of 2.36 and a debt-to-equity ratio of 2.02. The firm has a 50-day moving average price of $24.63 and a two-hundred day moving average price of $24.76. The firm has a market capitalization of $524.14 million, a price-to-earnings ratio of -2.59 and a beta of 2.71. CIRCOR International has a 52-week low of $8.00 and a 52-week high of $46.79.
CIRCOR International (NYSE:CIR) last posted its earnings results on Friday, May 29th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.27). The firm had revenue of $192.21 million for the quarter, compared to analyst estimates of $194.80 million. CIRCOR International had a negative net margin of 21.39% and a positive return on equity of 11.25%. Research analysts expect that CIRCOR International will post 1.52 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CIR. Geode Capital Management LLC raised its holdings in shares of CIRCOR International by 8.6% in the 1st quarter. Geode Capital Management LLC now owns 279,779 shares of the industrial products company’s stock worth $3,253,000 after purchasing an additional 22,138 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of CIRCOR International in the 2nd quarter worth approximately $313,000. Rhumbline Advisers raised its holdings in shares of CIRCOR International by 7.2% in the 1st quarter. Rhumbline Advisers now owns 72,266 shares of the industrial products company’s stock worth $840,000 after purchasing an additional 4,828 shares in the last quarter. Comerica Bank raised its holdings in shares of CIRCOR International by 7.7% in the 2nd quarter. Comerica Bank now owns 20,791 shares of the industrial products company’s stock worth $589,000 after purchasing an additional 1,481 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of CIRCOR International by 12.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,268 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 924 shares in the last quarter. Institutional investors and hedge funds own 98.48% of the company’s stock.
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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