CIRCOR International, Inc. (NYSE:CIR)’s traded shares stood at 356,608 during the last session, with the company’s beta value hitting 2.65. At the close of trading, the stock’s price was $34.85, to imply an increase of 6.41% or $2.1 in intraday trading. The CIR share’s 52-week high remains $44.52, putting it -27.75% down since that peak but still an impressive +77.04% since price per share fell to its 52-week low of $8. The company has a valuation of $696.93 Million, with an average of 175.81 Million shares in intraday trading volume over the past 10 days and average of 112.15 Million shares over the past 3 months.
Analysts have given a consensus recommendation of Overweight for CIRCOR International, Inc. (CIR), translating to a mean rating of 1.7. Of 4 analyst(s) looking at the stock, none analyst(s) give CIR a Sell rating. None of those analysts rate the stock as Overweight while 1 advise Hold as 3 recommend it as a Buy. None analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.63.
CIRCOR International, Inc. (NYSE:CIR) trade information
After registering a 6.41% upside in the last session, CIRCOR International, Inc. (CIR) has traded green over the past five days. The stock hit a weekly high of $35.85 this Friday, Feb 19, jumping 2.79% in its intraday price action. The 5-day price performance for the stock is 4.62%, and -8.65% over 30 days. With these gigs, the year-to-date price performance is -9.34%. Short interest in CIRCOR International, Inc. (NYSE:CIR) saw shorts transact 372.14 Million shares and set a 3.32 days time to cover.
Analysts on Wall Street suggest a consensus price target of $43.25, implying an increase of 24.1% to the stock’s current value. The extremes give us $39 and $46 for target low and target high price respectively. As such, CIR has been trading 31.99% off suggested target high and 11.91% from its likely low.
CIRCOR International, Inc. (CIR) estimates and forecasts
Looking at statistics comparing CIRCOR International, Inc. share performance against respective industry, we note that the company has underperformed competitors. CIRCOR International, Inc. (CIR) shares are +20.59% up over the last 6 months, with its year-to-date growth rate lower than industry average at -43.13% against -3.6%. But the analysts are tempering their growth estimates for the 2021 fiscal year. Revenue is forecast to decline -23.2% this quarter before jumping 150% for the next one. The rating firms project that company’s revenue will drop -20.1% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is $207.57 Million. Meanwhile, for the quarter ending March 01, 2021, a total of 1 analyst(s) estimate revenue growth to $198.63 Million. Earnings reports from the last fiscal year show that sales brought in $242.64 Million and $192.21 Million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to dip -14.5% before jumping 3.3% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings fell an estimated -19.5% for the past 5-year period. While 2021 is set for a 26% return in earnings, projections for the next 5 years are at 6.07% annually.
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CIRCOR International, Inc. (NYSE:CIR)’s Major holders
CIRCOR International, Inc. insiders hold 1.19% of total outstanding shares, with institutional holders owning 99.2% of the shares at 100.4% float percentage. In total, 176 institutions holds shares in the company, led by Blackrock Inc. As of Dec 30, 2020, the company held over 3.07 Million shares (or 15.37% of shares), all amounting to roughly $118.14 Million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 1.94 Million shares, or about 9.68% of shares outstanding. As of the market price on Sep 29, 2020, these shares were worth $52.95 Million.