CIRCOR International, Inc., trading under the ticker symbol “CIR” on the New York Stock Exchange, is an international oil and gas firm. In a note to investors sent out on Monday, November 14th, KeyCorp research analysts announced that they had increased their expectations for Circor International’s earnings per share (EPS) for the fourth quarter of 2022. J. Hammond of KeyCorp anticipates that the industrial products firm will earn $0.41 per share in the fourth quarter, an increase from the prior earnings estimate of $0.39 per share. The current rating for KeyCorp is “Overweight,” and the price objective is $29.00. The most recent projections for Circor International’s annual earnings have been set at $1.25 per share.
Thursday’s opening price for CIR stock was $25.80. The company’s moving average over the past 50 days is $18.37, and its moving average over the past 200 days is $17.79. There are 1.41 to 1 for the quick ratio, 2.29 to 1 for the current ratio, and 4.11 to 1 for the debt-to-equity ratio. Circor International’s one-year low stock price is $13.26, while the company’s one-year high stock price is $34.11.
New reports on the company have been issued by several additional equity analysts only recently. Citigroup increased its price objective on Circor International from $19.00 to $21.00 and set the stock at a “neutral” rating in a report released on Thursday, August 18th. In a research note issued on November 12th by StockNews.com, the company lowered its recommendation for Circor International from a “buy” rating to a “hold” rating. In a research note published on Wednesday, Stifel Nicolaus increased their price objective on Circor International shares from $25.00 to $30.00 and reiterated their “buy” rating on the company’s stock. Four investing analysts recommend buying or holding onto the stock, with two recommending the latter. According to data from Bloomberg, Circor International is presently assigned an average rating of “Moderate Buy,” and the consensus price objective is $26.67.
Recently, several hedge funds and other types of institutional investors have made adjustments to the holdings they currently have in the company. Alpha Paradigm Partners LLC acquired a new interest in Circor International during the third quarter for $375,000. Through the third quarter, BNP Paribas Arbitrage SNC raised its holdings in Circor International by 52.4%. After making an additional purchase of 3,062 shares during the most recent quarter, BNP Paribas Arbitrage SNC now has 8,910 shares of the industrial goods business, which they purchased for a total of $147,000. In addition, through the third quarter, Quinn Opportunity Partners LLC was able to amass a 107.3% increase in its holdings in Circor International. Following the acquisition of an additional 30,475 shares during the preceding quarter, Quinn Opportunity Partners LLC now holds a total of 58,888 shares of the industrial goods company, which are currently valued at $971,000. Finally, the Bank of New York Mellon Corporation boosted its ownership percentage in Circor International by 0.7% during the third quarter. After purchasing an additional 1,372 shares during the most recent quarter, the Bank of New York Mellon Corp. now has a total of 185,617 shares of the industrial goods business, which it purchased for a total of $3,061,000.
Last but not least, during the third quarter, Gabelli & Co. Investment Advisers Inc. boosted the percentage of its ownership in Circor International by 74.9 percent. Following the purchase of 29,550 more shares during the most recent quarter, Gabelli & Co. Investment Advisers Inc. now owns a total of 69,003 shares of the stock of the industrial products business. The current value of these shares is $1,138,000. Institutional investors own the company’s stock to 94.50% of the total.
Circor International, Inc. is a designer, manufacturer, and distributor of flow and motion control products in Europe, the Middle East, Africa, and internationally. Their products can be found all over the world. The business maintains a portfolio of several brands of products to meet the extensive requirements of its consumers. It is divided into the aerospace and defense industries and the industrial sector.