CIRCOR International (NYSE:CIR) Price Target Raised to $50.00 at Citigroup

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CIRCOR International (NYSE:CIR) had its target price increased by Citigroup from $36.00 to $50.00 in a report released on Tuesday morning, BenzingaRatingsTable reports. Citigroup currently has a neutral rating on the industrial products company’s stock.

CIR has been the subject of several other reports. TheStreet cut Weibo from a b- rating to a c+ rating in a research note on Friday, May 31st. ValuEngine upgraded Westpac Banking from a sell rating to a hold rating in a research note on Wednesday, May 22nd. Sidoti cut CIRCOR International from a buy rating to a neutral rating in a research note on Tuesday, May 21st. Finally, Zacks Investment Research upgraded FirstService from a strong sell rating to a hold rating and set a $110.00 price objective for the company in a research note on Tuesday, June 25th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. CIRCOR International presently has an average rating of Buy and an average price target of $45.00.

Shares of NYSE:CIR opened at $41.64 on Tuesday. CIRCOR International has a 52-week low of $19.73 and a 52-week high of $48.70. The stock has a market capitalization of $903.70 million, a PE ratio of 19.73 and a beta of 2.10. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.43 and a current ratio of 2.31. The business has a 50-day moving average price of $44.81.

CIRCOR International (NYSE:CIR) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. CIRCOR International had a positive return on equity of 7.62% and a negative net margin of 2.59%. The firm had revenue of $270.40 million during the quarter, compared to analysts’ expectations of $257.09 million. During the same period last year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Research analysts expect that CIRCOR International will post 2.27 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of CIR. Metropolitan Life Insurance Co. NY grew its holdings in CIRCOR International by 345.7% in 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 acquired a new stake in CIRCOR International in the fourth quarter valued at approximately $122,000. BNP Paribas Arbitrage SA grew its holdings in CIRCOR International by 248.6% in 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 acquired a new stake in CIRCOR International in the fourth quarter valued at approximately $161,000. Finally, SG Americas Securities LLC acquired a new stake in CIRCOR International in 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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