The stock of CIRCOR International, Inc. (NYSE:CIR) hit a new 52-week high and has $69.12 target or 9.00% above today’s $63.41 share price. The 7 months bullish chart indicates low risk for the $1.07 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $69.12 price target is reached, the company will be worth $96.30 million 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 42,786 shares traded hands. CIRCOR International, Inc. (NYSE:CIR) has risen 30.71% since April 28, 2016 and is uptrending. It has outperformed by 24.79% 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 $6.92M for 38.66 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. KeyBanc Capital Markets upgraded CIRCOR International, Inc. (NYSE:CIR) on Monday, October 17 to “Overweight” rating. The rating was initiated by SunTrust with “Neutral” on Tuesday, November 3. The firm earned “Sector Weight” rating on Tuesday, September 20 by KeyBanc Capital Markets. The firm has “Accumulate” rating given on Wednesday, March 9 by Seaport Global. The rating was upgraded by Stifel Nicolaus on Monday, May 2 to “Buy”. SunTrust downgraded the shares of CIR in a report on Thursday, April 14 to “Reduce” rating. The stock of CIRCOR International, Inc. (NYSE:CIR) earned “Buy” rating by Stifel Nicolaus on Monday, October 17. The stock of CIRCOR International, Inc. (NYSE:CIR) earned “Neutral” rating by Suntrust Robinson on Tuesday, November 3.
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 2016 Q2. Its up 0.19, from 0.93 in 2016Q1. The ratio is positive, 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.
Jennison Associates Limited Liability Co accumulated 9,958 shares or 0% of the stock. Moreover, California Pub Employees Retirement System has 0% invested in CIRCOR International, Inc. (NYSE:CIR) for 19,300 shares. Goldman Sachs Grp Inc, a New York-based fund reported 3,714 shares. State Street Corporation has 0% invested in the company for 325,361 shares. Springbok Capital Management Limited Com has 0% invested in the company for 351 shares. Blackrock Group owns 17,760 shares or 0% of their US portfolio. Moreover, Blackrock Incorporated has 0% invested in CIRCOR International, Inc. (NYSE:CIR) for 5,343 shares. International Grp Inc accumulated 0% or 12,259 shares. Ls Invest Advsrs Lc accumulated 0% or 599 shares. Morgan Stanley has invested 0% of its portfolio in CIRCOR International, Inc. (NYSE:CIR). The New York-based Citigroup has invested 0% in CIRCOR International, Inc. (NYSE:CIR). Vanguard Grp reported 1.30 million shares or 0% of all its holdings. Ameriprise Inc has 103,139 shares for 0% of their US portfolio. D E Shaw Communications has invested 0% of its portfolio in CIRCOR International, Inc. (NYSE:CIR). Primecap Mgmt Comm Ca last reported 0.02% of its portfolio in the stock.
Insider Transactions: Since August 22, 2016, the stock had 0 insider buys, and 4 sales for $318,620 net activity. Shares for $47,244 were sold by Sharma Arjun. $183,510 worth of CIRCOR International, Inc. (NYSE:CIR) was sold by HAYES DOUGLAS M. Andrew Clyde Farnsworth also sold $18,366 worth of CIRCOR International, Inc. (NYSE:CIR) shares.
More news for CIRCOR International, Inc. (NYSE:CIR) were recently published by: Marketwatch.com, which released: “Circor downgraded to reduce from neutral at SunTrust RH” on July 23, 2009. Seekingalpha.com‘s article titled: “CIRCOR International, Inc.’s (CIR) CEO Scott Buckhout on Q3 2016 Results …” and published on October 29, 2016 is yet another important article.
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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