CIRCOR International (CIR) Downgraded by Sidoti

Sidoti cut shares of CIRCOR International (NYSE:CIR) from a buy rating to a neutral rating in a research note released on Tuesday morning, The Fly reports.

A number of other brokerages have also recently issued reports on CIR. ValuEngine raised shares of CIRCOR International from a strong sell rating to a sell rating in a research note on Monday, April 1st. Zacks Investment Research raised shares of CIRCOR International from a sell rating to a hold rating in a research note on Thursday, May 2nd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. CIRCOR International has a consensus rating of Hold and a consensus target price of $38.67.

CIR opened at $42.74 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.43 and a current ratio of 2.31. CIRCOR International has a 1-year low of $19.73 and a 1-year high of $51.31. The company has a market capitalization of $855.62 million, a price-to-earnings ratio of 20.26 and a beta of 2.60.

CIRCOR International (NYSE:CIR) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $0.38 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. The business had revenue of $270.40 million for the quarter, compared to the consensus estimate of $257.09 million. CIRCOR International had a negative net margin of 2.59% and a positive return on equity of 7.62%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. On average, equities analysts anticipate that CIRCOR International will post 2.2 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in CIR. Metropolitan Life Insurance Co. NY increased its stake in shares of 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 worth $118,000 after purchasing an additional 4,300 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of CIRCOR International in the fourth quarter worth $122,000. BNP Paribas Arbitrage SA increased its stake in shares of 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 worth $125,000 after purchasing an additional 2,744 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of CIRCOR International in the fourth quarter worth $161,000. Finally, SG Americas Securities LLC purchased a new stake in shares of CIRCOR International in the first quarter worth $242,000.

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.

Further Reading: Systematic Risk and Investors

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