Citigroup Boosts CIRCOR International (NYSE:CIR) Price Target to $28.00

CIRCOR International (NYSE:CIRGet Rating) had its price objective lifted by equities researchers at Citigroup from $26.00 to $28.00 in a research note issued to investors on Friday, The Fly reports. Citigroup’s price target points to a potential upside of 3.55% from the stock’s current price.

A number of other equities analysts have also commented on the company. StockNews.com upgraded CIRCOR International from a “hold” rating to a “buy” rating in a research note on Sunday, November 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price objective (up from $25.00) on shares of CIRCOR International in a research note on Wednesday, November 16th. Finally, KeyCorp lifted their price objective on CIRCOR International from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 15th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.00.

CIRCOR International Price Performance

NYSE CIR opened at $27.04 on Friday. CIRCOR International has a fifty-two week low of $13.26 and a fifty-two week high of $29.80. The stock’s 50-day moving average is $21.58 and its two-hundred day moving average is $18.56. The company has a debt-to-equity ratio of 4.11, a current ratio of 2.29 and a quick ratio of 1.51. The firm has a market cap of $550.53 million, a P/E ratio of -37.04 and a beta of 2.18.

Institutional Investors Weigh In On CIRCOR International

A number of institutional investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL boosted its holdings in CIRCOR International by 24.1% during the third quarter. Gamco Investors INC. ET AL now owns 1,419,333 shares of the industrial products company’s stock valued at $23,405,000 after purchasing an additional 275,749 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of CIRCOR International by 3.5% in the third quarter. Segall Bryant & Hamill LLC now owns 1,370,392 shares of the industrial products company’s stock valued at $22,603,000 after acquiring an additional 46,697 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of CIRCOR International by 30.6% in the third quarter. Gabelli Funds LLC now owns 669,887 shares of the industrial products company’s stock valued at $11,046,000 after acquiring an additional 157,018 shares during the last quarter. Millennium Management LLC raised its stake in shares of CIRCOR International by 2,620.3% in the second quarter. Millennium Management LLC now owns 233,644 shares of the industrial products company’s stock valued at $3,829,000 after acquiring an additional 225,055 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in shares of CIRCOR International by 24.7% in the second quarter. Kennedy Capital Management Inc. now owns 186,820 shares of the industrial products company’s stock valued at $3,062,000 after acquiring an additional 36,984 shares during the last quarter. 94.50% of the stock is owned by institutional investors and hedge funds.

About CIRCOR International

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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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