KeyBanc Thinks Circor International’s Stock is Going to Recover


KeyBanc analyst Jeffrey Hammond maintained a Buy rating on Circor International (NYSE: CIR) today and set a price target of $53. The company’s shares closed on Friday at $37.93, close to its 52-week low of $35.16.

According to TipRanks.com, Hammond is a 4-star analyst with an average return of 9.9% and a 56.3% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Sun Hydraulics Corp, Enpro Industries, and Parker Hannifin.

Circor International has an analyst consensus of Moderate Buy, with a price target consensus of $53.

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Based on Circor International’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $17.44 million. In comparison, last year the company had a net profit of $8.97 million.

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CIRCOR International, Inc. designs, manufactures and markets differentiated technology products and sub-systems for markets including industrial, oil & gas, aerospace and defense, and commercial marine. It operates through the following segments: Energy, Advanced Flow Solutions and Fluid Handling.

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