KeyBanc Starts CIRCOR International (CIR) at Sector Weight

September 20, 2016 7:48 AM EDT
Get Alerts CIR Hot Sheet
Price: $61.77 +1.55%

Rating Summary:
    5 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 17 | New: 10
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KeyBanc initiated coverage on CIRCOR International (NYSE: CIR) with a Sector Weight rating.

Analyst James Picariello said, "Decrementals during the current oil & gas downturn have been impressive, and we are encouraged by the runway both near and longer term given CIR's profitability profile relative to peers. Based on the stock's current multiple at ~12x EV/EBITDA, we await a better entry point or to see firmer stabilization in Energy, which should showcase CIR's significant earnings leverage opportunity."

For an analyst ratings summary and ratings history on CIRCOR International click here. For more ratings news on CIRCOR International click here.

Shares of CIRCOR International closed at $56.28 yesterday.

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