SunTrust Robinson Humphrey Downgrades CIRCOR International to Reduce

Brokerage firm SunTrust Robinson Humphrey Downgrades its rating on CIRCOR International(NYSE:CIR). The shares have been rated Reduce. Previously, the analysts had a Neutral rating on the shares. The rating by SunTrust Robinson Humphrey was issued on Apr 14, 2016.

In a different note, On Mar 9, 2016, Seaport Global said it Downgrades its rating on CIRCOR International. The shares have been rated ‘Accumulate’ by the firm. On Feb 22, 2016, SunTrust Robinson Humphrey said it Maintains its rating on CIRCOR International. In the research note, the firm Lowers the price-target to $41.00 per share. The shares have been rated ‘Neutral’ by the firm.

CIRCOR International (CIR) shares turned negative on Mondays trading session with the shares closing down -0.26 points or -0.55% at a volume of 64,263. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $47.4. The peak price level was also seen at $47.4 while the days lowest was $46.59. Finally the shares closed at $46.74. The 52-week high of the shares is $59.03 while the 52-week low is $32.79. According to the latest information available, the market cap of the company is $765 M.

CIRCOR International(CIR) last announced its earnings results on Feb 19, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $164.24M. Analysts had an estimated revenue of $161.29M. Earnings per share were $0.63. Analysts had estimated an EPS of $0.63.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Alan J Glass (VP,General Counsel & Secretary) sold 3,384 shares at $42.66 per share price.Also, On May 4, 2015, John Kober (VP, Controller & Treasurer) sold 2,090 shares at $55.80 per share price.

CIRCOR International Inc. (CIRCOR) designs manufactures and markets engineered products and sub-systems which are used in the oil and gas power generation aerospace defense and other industrial markets. The Company manages a portfolio of flow control and actuation products sub-systems and technologies. It operates around 19 manufacturing facilities that are located in the United States Western Europe Morocco India Brazil and the People’s Republic of China. The Company operates in two segments: CIRCOR Energy (Energy) and CIRCOR Aerospace & Defense (Aerospace & Defense). Energy segment is a provider of engineered integrated flow control solutions valves and services. Its Aerospace & Defense segment focuses on actuation systems and fluid control systems (electromechanical pneumatic and hydraulic). The Company sells its products through approximately 800 distributors or representatives and directly to end-use customers.

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