Cameron International Corp. Stock Rating Lowered by Cowen and Company (CAM)
Cameron International Corp. (NYSE:CAM) was downgraded by research analysts at Cowen and Company from an “outperform” rating to a “market perform” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. They currently have a $62.00 price objective on the stock, down from their previous price objective of $68.00. Cowen and Company’s target price would suggest a potential upside of 5.32% from the stock’s previous close.
Shares of Cameron International Corp. (NYSE:CAM) traded up 0.53% on Tuesday, hitting $58.87. 3,334,551 shares of the company’s stock traded hands. Cameron International Corp. has a 1-year low of $52.50 and a 1-year high of $67.42. The stock has a 50-day moving average of $56.91 and a 200-day moving average of $58.70. The company has a market cap of $14.003 billion and a P/E ratio of 20.83.
Cameron International Corp. (NYSE:CAM) last released its 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 $3.25 EPS for the current fiscal year.
A number of other firms have also recently commented on CAM. Analysts at Barclays raised their price target on shares of Cameron International Corp. from $77.00 to $82.00 in a research note to investors on Tuesday, December 17th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cameron International Corp. in a research note to investors on Wednesday, November 20th. They now have a $57.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Cameron International Corp. from $71.50 to $61.50 in a research note to investors on Monday, October 28th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $67.34.
Cameron International Corporation, provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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