Cameron International Stock Rating Reaffirmed by Zacks (CAM)
Cameron International (NYSE:CAM)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued to clients and investors on Monday. They currently have a $72.00 target price on the stock. Zacks‘s target price would suggest a potential upside of 4.82% from the company’s current price.
Zacks’ analyst wrote, “We are retaining our Neutral recommendation on Cameron International Corp. with a target price of $72. The company has a diversified product portfolio, specialty service capabilities and proprietary technological expertise. Other positives for Cameron include a strong backlog position, growing international operations and a favorable outlook for subsea activity levels. However, we believe that Cameron’s current valuation adequately reflects its growth profile, and would rather wait for a better entry point before accumulating shares. Moreover, with markets remaining competitive and pricing likely to be weak, we see no obvious catalysts in Cameron’s business to significantly push the stock price higher.”
In other Cameron International news, SVP Gary M. Halverson sold 7,500 shares of Cameron International stock on the open market in a transaction dated Monday, June 23rd. The shares were sold at an average price of $68.00, for a total transaction of $510,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company raised their price target on shares of Cameron International from $64.00 to $71.00 in a research note on Monday, April 28th. They now have a “market perform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Cameron International from $82.00 to $87.00 in a research note on Friday, April 25th. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Cameron International from $68.00 to $73.00 in a research note on Friday, April 25th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Cameron International presently has a consensus rating of “Buy” and a consensus target price of $73.17.
Cameron International (NYSE:CAM) traded down 0.67% during mid-day trading on Monday, hitting $68.23. The stock had a trading volume of 774,588 shares. Cameron International has a 1-year low of $52.50 and a 1-year high of $68.86. The stock has a 50-day moving average of $65.33 and a 200-day moving average of $62.38. The company has a market cap of $13.932 billion and a price-to-earnings ratio of 24.44.
Cameron International (NYSE:CAM) last released its earnings data on Thursday, April 24th. The company reported $0.69 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. On average, analysts predict that Cameron International will post $3.92 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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