Cameron International Receives Consensus Rating of “Buy” from Brokerages (NYSE:CAM)
Cameron International (NYSE:CAM) has received a consensus rating of “Buy” from the twenty-three ratings firms that are presently covering the stock, Stock Ratings Network reports. Six equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $78.30.
Shares of Cameron International (NYSE:CAM) opened at 73.10 on Friday. Cameron International has a 52-week low of $52.50 and a 52-week high of $74.53. The stock’s 50-day moving average is $70.85 and its 200-day moving average is $65.31. The company has a market cap of $14.832 billion and a P/E ratio of 22.15.
Cameron International (NYSE:CAM) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. Analysts expect that Cameron International will post $4.16 EPS for the current fiscal year.
CAM has been the subject of a number of recent research reports. Analysts at Morgan Stanley raised their price target on shares of Cameron International from $75.00 to $80.00 in a research note on Monday, July 28th. Separately, analysts at Howard Weil raised their price target on shares of Cameron International from $70.00 to $81.00 in a research note on Monday, July 28th. They now have a “sector outperform” rating on the stock. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Cameron International in a research note on Friday, July 25th. They now have a $87.00 price target on the stock, up previously from $83.00.
Cameron International Corporation provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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