Circor International Inc. (NYSE:CIR) had its target price boosted by research analysts at Stifel Nicolaus from $60.00 to $62.00 in a research note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 19.37% from the stock’s current price.
CIR has been the topic of several other reports. Zacks Investment Research downgraded shares of Circor International from a “hold” rating to a “sell” rating in a research note on Friday, October 7th. KeyCorp initiated coverage on shares of Circor International in a research note on Tuesday, September 20th. They set a “sector weight” rating on the stock. Finally, SunTrust Banks Inc. raised shares of Circor International from a “reduce” rating to a “hold” rating and upped their target price for the stock from $46.00 to $55.00 in a research note on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Circor International has an average rating of “Hold” and an average target price of $54.50.
Circor International (NYSE:CIR) opened at 51.94 on Monday. The company’s 50-day moving average is $56.44 and its 200-day moving average is $55.78. Circor International has a 52-week low of $32.79 and a 52-week high of $62.87. The firm has a market capitalization of $853.01 million, a P/E ratio of 128.25 and a beta of 1.39.
Circor International (NYSE:CIR) last announced its earnings results on Friday, July 29th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.07. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The firm had revenue of $146.40 million for the quarter, compared to the consensus estimate of $144.01 million. During the same period in the prior year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was down 12.3% on a year-over-year basis. On average, analysts predict that Circor International will post $2.19 EPS for the current year.
In other Circor International news, Director Douglas M. Hayes sold 3,000 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $61.17, for a total value of $183,510.00. Following the sale, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $890,390.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in CIR. PineBridge Investments L.P. increased its position in Circor International by 7.5% in the second quarter. PineBridge Investments L.P. now owns 2,083 shares of the company’s stock worth $119,000 after buying an additional 146 shares during the period. BNP Paribas Arbitrage SA increased its position in Circor International by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,411 shares of the company’s stock worth $308,000 after buying an additional 2,767 shares during the period. Arizona State Retirement System increased its position in Circor International by 2.4% in the second quarter. Arizona State Retirement System now owns 8,538 shares of the company’s stock worth $487,000 after buying an additional 200 shares during the period. Nisa Investment Advisors L.L.C. increased its position in Circor International by 14.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 16,600 shares of the company’s stock worth $770,000 after buying an additional 2,100 shares during the period. Finally, California Public Employees Retirement System increased its position in Circor International by 2.1% in the second quarter. California Public Employees Retirement System now owns 19,300 shares of the company’s stock worth $1,100,000 after buying an additional 400 shares during the period.
About Circor International