Cameron International Corp. Coverage Initiated at Iberia Capital (CAM)
Iberia Capital initiated coverage on shares of Cameron International Corp. (NYSE:CAM) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Shares of Cameron International Corp. (NYSE:CAM) traded up 0.60% during mid-day trading on Tuesday, hitting $58.72. The stock had a trading volume of 253,887 shares. Cameron International Corp. has a 52-week low of $47.62 and a 52-week high of $67.42. The stock has a 50-day moving average of $57.95 and a 200-day moving average of $61.14. The company has a market cap of $14.452 billion and a price-to-earnings ratio of 19.93.
Cameron International Corp. (NYSE:CAM) last announced its earnings results 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 last year, the company posted $0.74 earnings per share. Cameron International Corp.’s revenue was up 11.4% compared to the same quarter last year. On average, analysts predict that Cameron International Corp. will post $3.45 earnings per share for the current fiscal year.
CAM has been the subject of a number of other recent research reports. Analysts at Barclays Capital reiterated a “buy” rating on shares of Cameron International Corp. (NYSE:CAM) in a research note to investors on Wednesday, September 11th. They now have a $94.00 price target on the stock. Separately, 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, September 11th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $73.79.
Cameron International Corporation, provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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