Breaking News Bar

Business News and Information

Company Update (NYSE:CAT): Caterpillar to Participate in the Barclays Industrial Select Conference 2016 on February 18; Webcast Available

[PR Newswire] – PEORIA, Ill., Feb. 16, 2016 /PRNewswire/ — Caterpillar Inc. (NYSE: CAT) Group President of Construction Industries Tom Pellette and Director of Investor Relations Amy Campbell will speak at the Barclays … Read more on this. Caterpillar Inc. (CAT) , currently valued at $37.78B, opened this morning at $64.16. Shares have traded today between $63.50 and $65.00 per share and has traded between $56.36 and $89.62 over the past 12 months. CAT shares are currently priced at 16.84x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 17.46x earnings multiple for the same period. The company pays shareholders $3.08 per share in dividend income per year, for a current yield of 4.88%. According to a consensus of 17 analysts, the earnings estimate of $1.04 per share would be $0.82 worse than the year-ago quarter and a $0.05 sequential increase. The full-year EPS estimate is $3.75 which would be a $0.89 worse than last year’s full-year earnings. 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. Recently, Goldman downgraded CAT from Neutral to Sell (Jan 25, 2016). Previously, Deutsche Bank downgraded CAT from Buy to Hold. When considering if the stock is under or overvalued, the average price target is $60.80, which is 5.24% 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 Stock Update: Caterpillar Inc (NYSE:CAT) – Caterpillar to Participate in the Goldman Sachs Industrials Conference 2015 on November 4; Webcast Available Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar to Participate in the 2015 RBC Capital Markets’ Industrials Conference on September 9; Webcast Available
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
bottom clear