Citigroup Increases CIRCOR International (NYSE:CIR) Price Target to $26.00

CIRCOR International (NYSE:CIRGet Rating) had its price objective upped by analysts at Citigroup to $26.00 in a report released on Thursday, Stock Target Advisor reports. Citigroup’s price target indicates a potential upside of 3.26% from the stock’s current price.

Several other equities analysts also recently commented on CIR. StockNews.com downgraded CIRCOR International from a “buy” rating to a “hold” rating in a research report on Saturday, November 12th. KeyCorp increased their target price on CIRCOR International from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 target price (up from $25.00) on shares of CIRCOR International in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, CIRCOR International currently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

CIRCOR International Price Performance

CIRCOR International stock opened at $25.18 on Thursday. The company has a current ratio of 2.29, a quick ratio of 1.41 and a debt-to-equity ratio of 4.11. The company has a market capitalization of $512.74 million, a PE ratio of -34.49 and a beta of 2.13. CIRCOR International has a 12 month low of $13.26 and a 12 month high of $34.11. The stock has a 50-day moving average price of $18.69 and a two-hundred day moving average price of $17.88.

Hedge Funds Weigh In On CIRCOR International

A number of hedge funds have recently made changes to their positions in CIR. State of Tennessee Treasury Department raised its position in shares of CIRCOR International by 17.9% during the first quarter. State of Tennessee Treasury Department now owns 7,594 shares of the industrial products company’s stock worth $202,000 after acquiring an additional 1,151 shares during the last quarter. MetLife Investment Management LLC grew its stake in CIRCOR International by 53.5% during the first quarter. MetLife Investment Management LLC now owns 9,640 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 3,360 shares during the period. Rhumbline Advisers grew its stake in CIRCOR International by 5.3% during the first quarter. Rhumbline Advisers now owns 52,271 shares of the industrial products company’s stock worth $1,391,000 after purchasing an additional 2,648 shares during the period. Gamco Investors INC. ET AL grew its stake in CIRCOR International by 5.8% during the first quarter. Gamco Investors INC. ET AL now owns 1,063,158 shares of the industrial products company’s stock worth $28,301,000 after purchasing an additional 58,404 shares during the period. Finally, Gabelli Funds LLC grew its stake in CIRCOR International by 12.1% during the first quarter. Gabelli Funds LLC now owns 452,700 shares of the industrial products company’s stock worth $12,051,000 after purchasing an additional 48,700 shares during the period. 94.50% of the stock is currently owned by institutional investors.

CIRCOR International Company Profile

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CIRCOR International, Inc designs, manufactures, and distributes flow and motion control products in Europe, the Middle East, Africa, North America, and internationally. The company has a product portfolio of brands serving its customers' demanding applications. It operates through two segments, Aerospace & Defense and Industrial.

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