KeyBanc Downgrades Circor International to Hold

By Ryan Adsit

In a report released today, Jeffrey Hammond from KeyBanc downgraded Circor International (NYSE: CIR) to Hold. The company’s shares opened today at $70.01, close to its 52-week high of $72.96.

According to, Hammond is a 4-star analyst with an average return of 11.1% and a 62.5% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Watts Water Technologies, and Manitowoc Foodservice.

Currently, the analyst consensus on Circor International is Hold and the average price target is $74, representing a 5.7% upside.

In a report released today, Stifel Nicolaus also downgraded the stock to Hold with a $74 price target.

Based on Circor International’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $158 million and GAAP net loss of $2 million. In comparison, last year the company earned revenue of $164 million and had a net profit of $7.16 million.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is neutral on the stock. Most recently, in November 2016, Arjun Sharma, the VP, Business Development of CIR sold 762 shares for a total of $47,244.

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CIRCOR International, Inc. designs, manufactures and markets valves and other highly engineered products and sub-systems used in the energy, aerospace and industrial markets. It operates through the following segments: Energy, Aerospace and Defense. Energy segment provides engineered integrated flow control solutions, valves and services in the expanding and evolving Oil and Gas and power generation industries. The Aerospace and Defense segment focus on areas of actuation systems and fluid control systems which includes electromechanical, pneumatic and hydraulic. CIRCOR International was founded in July 1, 1999 and is headquartered in Burlington, MA.