Cameron International Upgraded by Capital One Financial Corp. to “Overweight” (CAM)
Cameron International (NYSE:CAM) was upgraded by analysts at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
Shares of Cameron International (NYSE:CAM) opened at 71.73 on Friday. Cameron International has a 52-week low of $52.50 and a 52-week high of $74.89. The stock has a 50-day moving average of $72.13 and a 200-day moving average of $66.26. The company has a market cap of $14.554 billion and a price-to-earnings ratio of 21.58.
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. Analysts expect that Cameron International will post $4.15 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about 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, ten have issued a buy rating and one has given a strong buy rating to the company. Cameron International has a consensus rating of “Buy” and a consensus target price of $78.30.
In other Cameron International news, General Counsel William C. Lemmer unloaded 18,039 shares of Cameron International stock on the open market in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $74.50, for a total transaction of $1,343,905.50. The transaction was disclosed in a filing with the SEC, 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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