Cameron International Corp. Stock Rating Reaffirmed by Bank of America (CAM)
Cameron International Corp. (NYSE:CAM)‘s stock had its “buy” rating reaffirmed by stock analysts at Bank of America in a report issued on Tuesday, Stock Ratings News reports. They currently have a $71.00 price objective on the stock. Bank of America’s price objective points to a potential upside of 15.24% from the stock’s previous close.
The analysts wrote, “We forecast Cameron (CAM) to meet the 1Q14 EPS consensus of $0.72. However, even with aggressive share repurchases during 1Q14, the company may not raise annual EPS guidance of $3.60-$4.00. If Drilling & Production Systems (DPS) EBITDA margins hit guidance of 13.5%-14.5%, we would view this as conservatism. “If DPS margins come in below guidance, it may signal slower resolution of manufacturing issues with subsea stacks. We are raising 2014/2015 EPS to $3.90/$5.05 from $3.75/$4.75 owing to 1Q14 share repurchases. Our PO increases to $71 from $69, or 14x 2015 EPS, in line with the NTM average since 2012.”
Several other analysts have also recently commented on the stock. Analysts at Societe Generale raised their price target on shares of Cameron International Corp. from $71.00 to $74.00 in a research note on Friday, April 4th. Separately, analysts at Susquehanna raised their price target on shares of Cameron International Corp. from $70.00 to $74.00 in a research note on Wednesday, April 2nd. Finally, analysts at Goldman Sachs downgraded shares of Cameron International Corp. from a “buy” rating to a “neutral” rating in a research note on Monday, March 17th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $68.79.
Cameron International Corp. (NYSE:CAM) traded up 1.31% during mid-day trading on Tuesday, hitting $62.42. The stock had a trading volume of 194,511 shares. Cameron International Corp. has a 52 week low of $52.50 and a 52 week high of $66.12. The stock’s 50-day moving average is $62.55 and its 200-day moving average is $59.3. The company has a market cap of $13.532 billion and a price-to-earnings ratio of 21.47.
Cameron International Corp. (NYSE:CAM) last released its earnings data on Friday, January 31st. The company reported $1.00 earnings per share for the quarter, beating the analysts’ 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 $3.83 earnings per share 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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