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Market Update (NYSE:CAT): Is It Time to Buy the Farm — Caterpillar, Joy Global, Deere, and Manitowoc

[Accesswire] – NEW YORK, NY / ACCESSWIRE / February 10, 2016 / The mining sector may finally have seen bottom, depending on whom you ask, but regardless this is good for Caterpillar Inc. (NYSE: CAT). We expect Oil prices … Read more on this. Caterpillar Inc. (CAT) , valued at $37.13B, started the session at $64.27. Looking at the stock, its one day range is $62.78 to $64.38 and has traded between $56.36 and $89.62 over the past year. Caterpillar (CAT) shares are currently priced at 17.31x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 16.11x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $3.08 per share annually in dividends, yielding 4.66%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $1.02 per share, which would be $0.84 worse than the year-ago quarter and a $0.03 sequential increase. Investors should also note that the full-year EPS estimate of $3.73 is a $0.91 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.76 Billion. If realized, that would be a 15.28% decrease over the year-ago quarter. In terms of ratings, Goldman downgraded CAT from Neutral to Sell (Jan 25, 2016). Previously, Deutsche Bank downgraded CAT from Buy to Hold. The average price target for CAT shares is $60.95, which is 5.17% below where the stock opened this morning. See more in (NYSE:CAT) Similar Articles: Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar to Participate in the Baird 2015 Industrial Conference on November 11; Webcast Available Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar Inc. to Announce Third-Quarter 2015 Financial Results on October 22 Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar to Participate in the 2015 RBC Capital Markets’ Industrials Conference on September 9; Webcast Available
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