Cameron International Corp. PT Raised to $66.00 (CAM)
Equities researchers at Howard Weil lifted their price objective on shares of Cameron International Corp. (NYSE:CAM) to $66.00 in a research report issued on Friday, American Banking News reports. Howard Weil’s price objective would suggest a potential upside of 9.40% from the company’s current price.
Cameron International Corp. (NYSE:CAM) traded up 0.22% during mid-day trading on Friday, hitting $60.46. 2,052,598 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 $58.45 and a 200-day moving average of $58.27. The company has a market cap of $14.382 billion and a P/E ratio of 21.46. Cameron International Corp. also was the target of unusually large options trading activity on Tuesday. Stock investors purchased 12,540 call options on the stock. This is an increase of approximately 149% compared to the typical 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. On average, analysts predict that Cameron International Corp. will post $3.25 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CAM. Analysts at Guggenheim raised their price target on shares of Cameron International Corp. from $68.00 to $70.00 in a research note to investors on Friday. Separately, analysts at Susquehanna raised their price target on shares of Cameron International Corp. from $69.00 to $70.00 in a research note to investors on Friday. Finally, analysts at Global Hunter Securities downgraded shares of Cameron International Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Friday. They now have a $64.00 price target on the stock, down previously from $68.00. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Cameron International Corp. has a consensus rating of “Buy” and a consensus price target of $68.73.
In other Cameron International Corp. news, EVP John Carne sold 20,000 shares of the company’s 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 transaction, the executive vice president now directly owns 68,122 shares in the company, valued at approximately $4,087,320. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Cameron International Corporation, provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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