Cameron International Corp. Price Target Cut to $70.00 (CAM)
Equities researchers at RBC Capital decreased their target price on shares of Cameron International Corp. (NYSE:CAM) from $73.00 to $70.00 in a research report issued on Wednesday, Stock Ratings Network reports. RBC Capital’s price objective would suggest a potential upside of 16.96% from the stock’s previous close.
Cameron International Corp. (NYSE:CAM) traded down 0.94% on Wednesday, hitting $59.85. The stock had a trading volume of 3,120,189 shares. Cameron International Corp. has a 52 week low of $47.62 and a 52 week high of $67.42. The stock’s 50-day moving average is $57.89 and its 200-day moving average is $61.65. The company has a market cap of $14.730 billion and a P/E ratio of 20.63.
Cameron International Corp. (NYSE:CAM) last released its earnings data on Thursday, July 25th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Cameron International Corp. will post $3.48 EPS for the current fiscal year.
A number of other firms have also recently commented on CAM. 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. Separately, analysts at Barclays Capital raised their price target on shares of Cameron International Corp. (NYSE:CAM) from $77.00 to $94.00 in a research note to investors on Tuesday, September 3rd. They now have an “overweight” rating 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $73.55.
Cameron International Corporation, provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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