Cameron International Price Target Increased to $75.00 by Analysts at Cowen and Company (CAM)
Cowen and Company increased their price objective on shares of Cameron International (NYSE:CAM) from $73.00 to $75.00 in a research note issued on Friday. The firm currently has a “market perform” rating on the stock. Cowen and Company’s price objective would suggest a potential upside of 1.15% from the company’s current price.
Cameron International (NYSE:CAM) opened at 74.15 on Friday. Cameron International has a 52 week low of $52.50 and a 52 week high of $74.53. The stock has a 50-day moving average of $67.69 and a 200-day moving average of $63.50. The company has a market cap of $15.141 billion and a P/E ratio of 25.78.
Cameron International (NYSE:CAM) last announced its earnings results on Thursday, July 24th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.13. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 19.6% on a year-over-year basis. On average, analysts predict that Cameron International will post $3.96 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CAM. Analysts at Goldman Sachs raised their price target on shares of Cameron International from $72.00 to $76.00 in a research note on Thursday, July 10th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cameron International in a research note on Monday, July 7th. They now have a $72.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Cameron International in a research note on Thursday, May 1st. They now have a $68.00 price target on the stock. Nine equities research 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 company. The stock has a consensus rating of “Buy” and a consensus target price of $76.81.
Cameron International Corporation provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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