Stifel Nicolaus Maintains CIRCOR International to Buy with Price Target $61.00

Brokerage firm Stifel Nicolaus Maintains its rating on CIRCOR International(NYSE:CIR). In a research note issued to the investors, the brokerage major Lowers the price-target to $61.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Aug 1, 2016.

CIRCOR International (CIR) made into the market gainers list on Mondays trading session with the shares advancing 0.10% or 0.06 points. Due to strong positive momentum, the stock ended at $58.51, which is also near the day’s high of $58.71. The stock began the session at $58.28 and the volume stood at 29,034 shares. The 52-week high of the shares is $62.61 and the 52 week low is $32.79. The company has a current market capitalization of $961 M and it has 1,64,23,356 shares in outstanding.

CIRCOR International(CIR) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $146.39M. Analysts had an estimated revenue of $144.01M. Earnings per share were $0.53. Analysts had estimated an EPS of $0.47.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Alan J Glass (VP,General Counsel & Secretary) sold 3,384 shares at $42.66 per share price.Also, On May 4, 2015, John Kober (VP, Controller & Treasurer) sold 2,090 shares at $55.80 per share price.

CIRCOR International Inc. (CIRCOR) designs manufactures and markets engineered products and sub-systems which are used in the oil and gas power generation aerospace defense and other industrial markets. The Company manages a portfolio of flow control and actuation products sub-systems and technologies. It operates around 19 manufacturing facilities that are located in the United States Western Europe Morocco India Brazil and the People’s Republic of China. The Company operates in two segments: CIRCOR Energy (Energy) and CIRCOR Aerospace & Defense (Aerospace & Defense). Energy segment is a provider of engineered integrated flow control solutions valves and services. Its Aerospace & Defense segment focuses on actuation systems and fluid control systems (electromechanical pneumatic and hydraulic). The Company sells its products through approximately 800 distributors or representatives and directly to end-use customers.

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