Equities researchers at Deutsche Bank dropped their target price on shares of Cameron International Corp (NYSE: CAM)
Shares of Cameron International Corp traded down 1.21% during mid-day trading on Thursday, hitting $58.85. Cameron International Corp has a 52 week low of $38.38 and a 52 week high of $60.00. The stock?s 50-day moving average is currently $55.95. The company has a market cap of $14.519 billion and a P/E ratio of 23.37. Cameron International Corp last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.19 billion. Cameron International Corp?s revenue was up 31.6% compared to the same quarter last year. Cameron International Corp has set its Q4 guidance at $0.95-0.97 EPS. Analysts expect that Cameron International Corp will post $3.15 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a ?buy? rating on shares of Cameron International Corp in a research note to investors on Tuesday, January 8th. Separately, analysts at JPMorgan Chase downgraded shares of Cameron International Corp from an ?overweight? rating to a ?neutral? rating in a research note to investors on Tuesday, January 8th. They now have a $66.00 price target on the stock, up previously from $65.00. Finally, analysts at Macquarie initiated coverage on shares of Cameron International Corp in a research note to investors on Friday, January 4th. They set an ?outperform? rating on the stock.
Twenty-three research analysts have rated the stock with a buy rating, five have issued an overweight rating, and four have given a hold rating to the company?s stock. Cameron International Corp currently has a consensus rating of ?buy? and an average price target of $68.54. Cameron International Corporation (Cameron) provides flow equipment products, systems and services to global oil, gas and process industries.