Cameron Rating Increased to Overweight at HSBC (CAM)

By admin | 4 years ago

Cameron (NYSE: CAM) was upgraded by equities researchers at HSBC (NYSE: HBC) from a “neutral” rating to an “overweight” rating in a report issued on Tuesday.

Shares of Cameron traded down 1.01% during mid-day trading on Tuesday, hitting $51.79. Cameron has a one year low of $38.77 and a one year high of $58.50. The company has a market cap of $12.755 billion and a P/E ratio of 23.77.


The company last announced its quarterly results on Thursday, April 26th. It reported $0.54 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.55 EPS by $0.01. The company’s quarterly revenue was up 20.2% on a year-over-year basis. On average, analysts predict that Cameron will post $0.92 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cameron in a research note to investors on Tuesday, April 24th. They now have a $51.00 price target on the stock. Separately, analysts at Gabelli upgraded shares of Cameron from a “hold” rating to a “buy” rating in a research note to investors on Thursday, April 19th. Finally, analysts at Raymond James (NYSE: RJF) downgraded shares of Cameron from a “strong-buy” rating to a “market perform” rating in a research note to investors on Monday, April 16th.

Cameron International Corporation (Cameron) provides flow equipment products, systems and services to global oil, gas and process industries.

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