CIRCOR International (CIR) was Upgraded by KeyBanc Capital Mkts to ” Overweight”. Earlier the firm had a rating of “Sector Weight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Oct 17, 2016.
Many Wall Street Analysts have commented on CIRCOR International. CIRCOR International was Initiated by KeyBanc Capital Mkts to “Sector Weight” on Sep 20, 2016. Shares were Reiterated by Stifel on Aug 1, 2016 to “Buy” and Lowered the Price Target to $ 61 from a previous price target of $68 .
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 opened for trading at $50.72 and hit $54.46 on the upside on Friday, eventually ending the session at $51.94, with a gain of 5.23% or 2.58 points. The heightened volatility saw the trading volume jump to 9,86,505 shares. Company has a market cap of $853 M.
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.