Cameron International Corp. Downgraded to “Neutral” at Global Hunter Securities (CAM)
Cameron International Corp. (NYSE:CAM) was downgraded by stock analysts at Global Hunter Securities from a “buy” rating to a “neutral” rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $64.00 target price on the stock, down from their previous target price of $68.00. Global Hunter Securities’ price target would suggest a potential upside of 6.72% from the stock’s previous close.
In other Cameron International Corp. news, EVP John Carne sold 20,000 shares of Cameron International Corp. stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $60.00, for a total value of $1,200,000.00. Following the sale, the executive vice president now directly owns 68,122 shares of the company’s stock, valued at approximately $4,087,320. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Cameron International Corp. (NYSE:CAM) traded down 0.60% during mid-day trading on Friday, hitting $59.97. The stock had a trading volume of 4,505,114 shares. Cameron International Corp. has a 52-week low of $52.50 and a 52-week high of $67.42. The stock’s 50-day moving average is $58.53 and its 200-day moving average is $58.2. The company has a market cap of $14.265 billion and a P/E ratio of 21.46. Cameron International Corp. also saw unusually large options trading on Tuesday. Stock traders bought 12,540 call options on the stock. This represents an increase of 149% compared to the average daily volume of 5,028 call options.
Cameron International Corp. (NYSE:CAM) last posted its quarterly earnings results on Friday, January 31st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.75 billion. Analysts expect that Cameron International Corp. will post $3.78 EPS for the current fiscal year.
A number of other firms have also recently commented on CAM. Analysts at Societe Generale upgraded shares of Cameron International Corp. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $69.00 price target on the stock, up previously from $65.00. Separately, analysts at Morgan Stanley downgraded shares of Cameron International Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, January 14th. They now have a $66.00 price target on the stock. Finally, analysts at ISI Group downgraded shares of Cameron International Corp. from a “strong-buy” rating to a “neutral” rating in a research note to investors on Monday, January 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $68.73.
Cameron International Corporation, provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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