Stock On Watch: Could CIRCOR International, Inc. Lose its Strength? The Stock Reaches 52-Week High

Stock On Watch: Could CIRCOR International, Inc. Lose its Strength? The Stock Reaches 52 Week High

The stock of CIRCOR International, Inc. (NYSE:CIR) hit a new 52-week high and has $64.65 target or 3.00% above today’s $62.77 share price. The 5 months bullish chart indicates low risk for the $1.05 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $64.65 price target is reached, the company will be worth $31.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 36,482 shares traded hands. CIRCOR International, Inc. (NYSE:CIR) has risen 27.05% since April 21, 2016 and is uptrending. It has outperformed by 21.72% the S&P500.

Analysts await CIRCOR International, Inc. (NYSE:CIR) to report earnings on February, 17. They expect $0.41 earnings per share, down 34.92% or $0.22 from last year’s $0.63 per share. CIR’s profit will be $6.86M for 38.27 P/E if the $0.41 EPS becomes a reality. After $0.46 actual earnings per share reported by CIRCOR International, Inc. for the previous quarter, Wall Street now forecasts -10.87% negative EPS growth.

CIRCOR International, Inc. (NYSE:CIR) Ratings Coverage

Out of 5 analysts covering CIRCOR International (NYSE:CIR), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. CIRCOR International has been the topic of 9 analyst reports since November 3, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Stifel Nicolaus on Monday, October 17. The stock of CIRCOR International, Inc. (NYSE:CIR) earned “Sector Weight” rating by KeyBanc Capital Markets on Tuesday, September 20. Stifel Nicolaus upgraded CIRCOR International, Inc. (NYSE:CIR) rating on Monday, May 2. Stifel Nicolaus has “Buy” rating and $68 price target. The firm has “Neutral” rating given on Tuesday, November 3 by Suntrust Robinson. The company was initiated on Tuesday, November 3 by SunTrust. Seaport Global downgraded CIRCOR International, Inc. (NYSE:CIR) on Wednesday, March 9 to “Accumulate” rating. SunTrust downgraded the stock to “Reduce” rating in Thursday, April 14 report. KeyBanc Capital Markets upgraded the shares of CIR in a report on Monday, October 17 to “Overweight” rating.

According to Zacks Investment Research, “CIRCOR International, Inc. designs, manufactures and distributes valves and related products and services for use in a wide range of applications to optimize the efficiency or ensure the safety of fluid-control systems. The valves and related fluid-control products we manufacture are used in processing industries; oil and gas production, pipeline construction and maintenance; aerospace, military and commercial aircraft; pharmaceutical, medical and analytical equipment; and maritime manufacturing and maintenance.”

Insitutional Activity: The institutional sentiment increased to 1.12 in Q2 2016. Its up 0.19, from 0.93 in 2016Q1. The ratio improved, as 7 funds sold all CIRCOR International, Inc. shares owned while 47 reduced positions. 12 funds bought stakes while 38 increased positions. They now own 14.95 million shares or 8.83% less from 16.40 million shares in 2016Q1.
Silvercrest Asset Management Grp Ltd Llc accumulated 0.43% or 598,573 shares. Svcs Automobile Association accumulated 0.03% or 130,930 shares. Wells Fargo Mn has 0% invested in the company for 6,836 shares. D E Shaw, a New York-based fund reported 6,028 shares. Envestnet Asset Mgmt Incorporated reported 1,625 shares or 0% of all its holdings. Citigroup last reported 9,294 shares in the company. Dimensional Fund Advisors L P has 0.03% invested in the company for 962,188 shares. Pinebridge L P, a New York-based fund reported 2,083 shares. Mesirow Fincl Inv last reported 0.8% of its portfolio in the stock. Wellington Mngmt Grp Inc Ltd Liability Partnership has 1.26 million shares for 0.02% of their US portfolio. The Pennsylvania-based Vanguard has invested 0% in CIRCOR International, Inc. (NYSE:CIR). Moreover, Teacher Retirement System Of Texas has 0% invested in CIRCOR International, Inc. (NYSE:CIR) for 1,949 shares. Northern Tru Corp has 0.01% invested in the company for 283,956 shares. Elk Creek Partners Llc holds 0.83% of its portfolio in CIRCOR International, Inc. (NYSE:CIR) for 200,731 shares. Ghp Invest Advsr Inc, a Colorado-based fund reported 14,336 shares.

Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 4 sales for $318,620 net activity. Andrew Clyde Farnsworth sold $18,366 worth of stock. On Thursday, November 17 Sharma Arjun sold $69,500 worth of the stock or 1,131 shares. 3,000 shares with value of $183,510 were sold by HAYES DOUGLAS M on Monday, August 22.

More recent CIRCOR International, Inc. (NYSE:CIR) news were published by: Marketwatch.com which released: “Circor downgraded to reduce from neutral at SunTrust RH” on July 23, 2009. Also Nasdaq.com published the news titled: “CIRCOR International, Inc. (CIR) Ex-Dividend Date Scheduled for November 16, 2016” on November 15, 2016. Seekingalpha.com‘s news article titled: “CIRCOR International, Inc.’s (CIR) CEO Scott Buckhout on Q3 2016 Results …” with publication date: October 29, 2016 was also an interesting one.

CIR Company Profile

CIRCOR International, Inc. (CIRCOR), incorporated on July 1, 1999, designs, makes and markets engineered products and sub-systems, which are used in the gas and oil, power generation, aerospace, defense and other industrial markets. The Firm operates through two divisions: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense). The Firm manages a portfolio of flow control and actuation products, sub-systems and technologies. It operates approximately 20 manufacturing facilities that are located in the United States, Western Europe, Morocco, India and the People’s Republic of China. The Firm sells its products through approximately 700 distributors or representatives and directly to end use customers.

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