CIRCOR International (CIR) is Reiterated by Stifel to Buy, Lowers Price Target to $ 61

CIRCOR International (CIR) was Reiterated by Stifel to “Buy” while Lowering the Price Target of the company shares to $ 61 from a previous price target of $68 . Stifel advised their investors in a research report released on Aug 1, 2016.

On the company’s financial health, CIRCOR International reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.46. The company had revenue of $146.40 million for the quarter, compared to analysts expectations of $144.01 million. The company’s revenue was down -12.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 EPS.

CIRCOR International closed down -1.82 points or -3.10% at $56.94 with 1,75,978 shares getting traded on Friday. Post opening the session at $58.82, the shares hit an intraday low of $54.5 and an intraday high of $58.82 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 7, 2016, Alan J Glass (VP,General Counsel & Secretary) sold 3,384 shares at $42.66 per share price. According to the SEC, 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.

CIRCOR International

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