CIRCOR International (NYSE:CIR) Price Target Cut to $36.00 by Analysts at Stifel Nicolaus

CIRCOR International (NYSE:CIRGet Rating) had its price objective lowered by Stifel Nicolaus from $41.00 to $36.00 in a research note issued on Monday, The Fly reports. Stifel Nicolaus’ price target would suggest a potential upside of 50.75% from the stock’s previous close.

Several other equities research analysts have also recently commented on CIR. TheStreet cut shares of CIRCOR International from a “c-” rating to a “d+” rating in a research report on Tuesday, February 1st. StockNews.com started coverage on shares of CIRCOR International in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research upgraded shares of CIRCOR International from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Thursday, April 7th.

Shares of NYSE:CIR opened at $23.88 on Monday. CIRCOR International has a one year low of $23.22 and a one year high of $39.48. The company has a 50 day moving average of $26.40 and a 200-day moving average of $28.20. The company has a debt-to-equity ratio of 2.75, a current ratio of 2.32 and a quick ratio of 1.58. The stock has a market cap of $483.76 million, a price-to-earnings ratio of -13.57 and a beta of 2.32.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alpha Paradigm Partners LLC acquired a new position in CIRCOR International during the fourth quarter valued at approximately $174,000. Credit Suisse AG grew its holdings in CIRCOR International by 3.8% during the fourth quarter. Credit Suisse AG now owns 12,409 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 459 shares during the period. SG Americas Securities LLC grew its holdings in CIRCOR International by 2.1% during the fourth quarter. SG Americas Securities LLC now owns 19,449 shares of the industrial products company’s stock valued at $529,000 after purchasing an additional 398 shares during the period. BNP Paribas Arbitrage SA grew its holdings in CIRCOR International by 178.3% during the third quarter. BNP Paribas Arbitrage SA now owns 19,502 shares of the industrial products company’s stock valued at $644,000 after purchasing an additional 12,495 shares during the period. Finally, California State Teachers Retirement System grew its holdings in CIRCOR International by 2.3% during the fourth quarter. California State Teachers Retirement System now owns 27,038 shares of the industrial products company’s stock valued at $735,000 after purchasing an additional 614 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

About CIRCOR International (Get Rating)

CIRCOR International, Inc designs, manufactures, and distributes flow and motion control products. The company has a product portfolio of brands serving its customers' demanding applications. It operates through two segments, Aerospace & Defense and Industrial. The Aerospace & Defense segment manufactures and markets control valves, pumps, regulators, fluid controls, actuation systems, pneumatic valves and controls, electro-mechanical controls, motors, and other flow control products and systems.

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