Cameron International Earns A- Credit Rating (CAM)
Cameron International (NYSE:CAM) has earned an “A-” credit rating from Morningstar. The credit rating agency’s “A-” rating suggests that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.
Several other analysts have also recently commented on the stock. 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. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $78.30.
Cameron International (NYSE:CAM) opened at 73.80 on Thursday. Cameron International has a 52 week low of $52.50 and a 52 week high of $74.89. The stock’s 50-day moving average is $72.0 and its 200-day moving average is $66.2. The company has a market cap of $14.974 billion and a P/E ratio of 22.35.
Cameron International (NYSE:CAM) last announced its earnings results on Thursday, July 24th. The company reported $1.00 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.79 earnings per share. Cameron International’s revenue was up 19.6% compared to the same quarter last year. On average, analysts predict that Cameron International will post $4.15 earnings per share for the current fiscal year.
In other Cameron International news, General Counsel William C. Lemmer sold 18,039 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $74.50, for a total value of $1,343,905.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Cameron International Corporation provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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