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Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar Announces New Responsibilities for Officers

[PR Newswire] – PEORIA, Ill., Feb. 17, 2016 /PRNewswire/ — Caterpillar Inc. (NYSE: CAT) today announced the following changes: Doug Hoerr, currently vice president with responsibility for the Wear, Components & Aftermarket … Read more on this. Caterpillar Inc. (CAT) , valued at $39.16B, began trading this morning at $66.00. A quick look at the market, the company’s stock traded between $65.72 and $67.79 with a one year range of $56.36 to $89.62. Priced at 16.84x this year’s forecasted earnings, CAT shares are relatively inexpensive compared to the industry ’s 17.46x forward p/e ratio. 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 better than last year. 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. With the above information in mind, readers should note that the average price target is $60.80, which is 7.88% 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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