Cameron International Price Target Increased to $70.00 by Analysts at JPMorgan Chase & Co. (CAM)
Investment analysts at JPMorgan Chase & Co. increased their price target on shares of Cameron International (NYSE:CAM) from $65.50 to $70.00 in a note issued to investors on Friday, Analyst Ratings News reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 8.36% from the company’s current price.
A number of other firms have also recently commented on CAM. Analysts at Howard Weil raised their price target on shares of Cameron International from $66.00 to $70.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at Gabelli initiated coverage on shares of Cameron International in a research note on Thursday, April 17th. They set a “buy” rating and a $97.00 price target on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Cameron International in a research note on Tuesday, April 15th. They now have a $71.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $71.20.
Shares of Cameron International (NYSE:CAM) traded down 0.46% on Friday, hitting $64.60. 2,865,030 shares of the company’s stock traded hands. Cameron International has a 52-week low of $52.50 and a 52-week high of $66.93. The stock has a 50-day moving average of $62.68 and a 200-day moving average of $59.55. The company has a market cap of $14.004 billion and a P/E ratio of 22.61.
Cameron International (NYSE:CAM) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.69 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.72 by $0.03. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the company posted $0.70 earnings per share. Cameron International’s revenue was up 18.0% compared to the same quarter last year. On average, analysts predict that Cameron International will post $3.85 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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