Cameron International Corp. Downgraded to Neutral at UBS AG (CAM)
Cameron International Corp. (NYSE:CAM) was downgraded by research analysts at UBS AG to a “neutral” rating in a report released on Thursday, American Banking News reports.
In other Cameron International Corp. news, CAO Christopher A. Krummel sold 18,453 shares of the stock on the open market in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $65.00, for a total transaction of $1,199,445.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim reiterated a “buy” rating on shares of Cameron International Corp. in a research note to investors on Wednesday, October 16th. Separately, analysts at Robert W. Baird initiated coverage on shares of Cameron International Corp. in a research note to investors on Monday, October 14th. They set an “outperform” rating and a $75.00 price target on the stock. Finally, analysts at Clarkson Capital initiated coverage on shares of Cameron International Corp. in a research note to investors on Monday, October 7th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have given a buy rating to the company. Cameron International Corp. presently has an average rating of “Buy” and an average price target of $73.72.
Shares of Cameron International Corp. (NYSE:CAM) traded down 14.71% on Thursday, hitting $53.58. The stock had a trading volume of 21,135,712 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 $57.56 and its 200-day moving average is $61.59. The company has a market cap of $13.187 billion and a price-to-earnings ratio of 21.45.
Cameron International Corp. (NYSE:CAM) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.81 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.83 by $0.02. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Analysts expect that Cameron International Corp. will post $3.45 EPS for the current fiscal year.
Cameron International Corporation, provides flow equipment products, systems and services to worldwide oil, gas and process industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.