Cameron International Corp. Stock Rating Lowered by Howard Weil (CAM)
Cameron International Corp. (NYSE:CAM) was downgraded by analysts at Howard Weil from a “sector outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Friday, Analyst Ratings Net reports. They currently have a $56.00 target price on the stock, down from their previous target price of $68.00. Howard Weil’s price target would indicate a potential upside of 5.16% from the stock’s previous close.
CAM has been the subject of a number of other recent research reports. Analysts at UBS AG downgraded shares of Cameron International Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $56.00 price target on the stock, down previously from $68.00. Separately, analysts at Guggenheim reiterated a “buy” rating on shares of Cameron International Corp. in a research note to investors on Wednesday, October 16th. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $69.11.
In other Cameron International Corp. news, CAO Christopher A. Krummel sold 18,453 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $65.00, for a total value of $1,199,445.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Cameron International Corp. (NYSE:CAM) traded down 1.11% on Friday, hitting $53.25. 12,113,325 shares of the company’s stock traded hands. 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 $57.56 and a 200-day moving average of $61.59. The company has a market cap of $13.106 billion and a price-to-earnings ratio of 18.39. Cameron International Corp. also was the recipient of unusually large options trading activity on Thursday. Investors acquired 33,421 call options on the company. This is an increase of 601% compared to the typical volume of 4,771 call options.
Cameron International Corp. (NYSE:CAM) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts expect that Cameron International Corp. will post $3.42 EPS 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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