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Company Update (NYSE:CAT): Caterpillar Introduces "The Age of Smart Iron" – Digital Technology designed to Transform Productivity, Efficiency and Safety on Job Sites

[PR Newswire] – “The Age of Smart Iron” describes Caterpillar’s strategy to be the industry leader bringing digital solutions designed to improve productivity, efficiency, safety and profitability for customers. “Caterpillar is the world’s leading innovator around iron. Together, Caterpillar and Zeppelin Cat have 12,000 square meters of exhibit space at bauma 16. Read more on this. Caterpillar Inc. (CAT) , with a current market cap of $43.86B, opened at $75.32. During the trading session, CAT traded between $74.61 to $75.60 with a one year range of $56.36 to $89.62. Priced at 20.43x this year’s forecasted earnings, CAT shares are relatively expensive compared to the industry’s 13.98x forward p/e ratio. The company pays shareholders $3.08 per share in dividend income per year, for a current yield of 4.14%. According to a consensus of 17 analysts, the earnings estimate of $0.71 per share would be $1.15 worse than the year-ago quarter and a $0.22 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.63 is a $1.01 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.59 Billion. If reported, that would be a 24.49% 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 $62.63, which is 16.85% below where the stock opened this morning. See more in (NYSE:CAT) Similar Articles: Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar Inc. to Announce First-Quarter 2016 Financial Results on April 22 Company Update: Caterpillar Inc (NYSE:CAT) – Caterpillar to Participate in the J.P. Morgan Aviation, Transportation and Industrials Conference on March 8; Webcast Available Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar Announces Officer Retirement and Further Consolidation of Divisions
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