Cameron International Corp. Given “Buy” Rating at Barclays Capital (CAM)
Cameron International Corp. (NYSE:CAM)‘s stock had its “buy” rating reiterated by research analysts at Barclays Capital in a report released on Wednesday, AR Network reports. They currently have a $94.00 price objective on the stock. Barclays Capital’s price objective indicates a potential upside of 57.06% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Cameron International Corp. (NYSE:CAM) from $73.00 to $70.00 in a research note to investors on Wednesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cameron International Corp. (NYSE:CAM) in a research note to investors on Wednesday, September 4th. They now have a $61.00 price target on the stock. Finally, analysts at Guggenheim cut their price target on shares of Cameron International Corp. (NYSE:CAM) from $78.00 to $75.00 in a research note to investors on Monday, July 29th. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. Cameron International Corp. has an average rating of “Buy” and a consensus target price of $73.55.
Shares of Cameron International Corp. (NYSE:CAM) traded down 0.94% during mid-day trading on Wednesday, hitting $59.85. The stock had a trading volume of 3,120,189 shares. Cameron International Corp. has a one year low of $47.62 and a one year high of $67.42. The stock’s 50-day moving average is $57.76 and its 200-day moving average is $61.64. The company has a market cap of $14.730 billion and a P/E ratio of 20.63.
Cameron International Corp. (NYSE:CAM) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.78 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts predict that Cameron International Corp. will post $3.48 earnings per share for the current fiscal year.
Cameron International Corporation, provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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