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Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar Announces Officer Retirement and Further Consolidation of Divisions

[PR Newswire] – PEORIA, Ill., Feb. 24, 2016 /PRNewswire/ — Caterpillar Inc. (NYSE: CAT) today announced the following changes: Steve Niehaus, currently vice president with responsibility for the Electric Power Division … Read more on this. Caterpillar Inc. (CAT) , with a current value of $37.21B, opened at $64.68. Looking at today’s trading action, the company’s one day range from $63.07 to $64.77 with its 52-week range being $56.36 to $89.62. Priced at 17.54x this year’s forecasted earnings, CAT shares are relatively expensive compared to the industry ’s 17.46x forward p/e ratio. The company pays shareholders $3.08 per share annually in dividends, yielding 4.71%. 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. What we find to be interesting is that the full-year EPS estimate of $3.75 is a $0.89 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. When considering if the stock is under or overvalued, the average price target is $60.80, which is 6.00% below where the stock opened this morning. See more in (NYSE:CAT) Similar Articles: Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar Announces New Responsibilities for Officers 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 to Participate in the 2015 RBC Capital Markets’ Industrials Conference on September 9; Webcast Available
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