Cameron International Given New $76.00 Price Target at Goldman Sachs (CAM)
Goldman Sachs hoisted their price target on shares of Cameron International (NYSE:CAM) from $72.00 to $76.00 in a research note issued on Thursday. Goldman Sachs’ price target points to a potential upside of 11.44% from the stock’s previous close.
Shares of Cameron International (NYSE:CAM) traded down 1.20% on Thursday, hitting $68.20. The stock had a trading volume of 1,924,457 shares. Cameron International has a one year low of $52.50 and a one year high of $69.33. The stock’s 50-day moving average is $65.92 and its 200-day moving average is $62.71. The company has a market cap of $13.926 billion and a price-to-earnings ratio of 24.57.
Cameron International (NYSE:CAM) last announced its earnings results 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. Analysts expect that Cameron International will post $3.93 EPS for the current fiscal year.
CAM has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Cameron International in a research note on Monday. They now have a $72.00 price target on the stock. Finally, 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. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $73.32.
Cameron International Corporation provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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