Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Caterpillar (CAT) Share Price

News articles about Caterpillar (NYSE:CAT) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Caterpillar earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 44.9336643332314 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

Caterpillar (NYSE CAT) traded up $0.99 on Monday, reaching $137.12. 1,415,708 shares of the company’s stock were exchanged, compared to its average volume of 4,427,944. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. Caterpillar has a 12-month low of $90.34 and a 12-month high of $140.44. The firm has a market cap of $80,988.32, a price-to-earnings ratio of 24.53, a PEG ratio of 2.06 and a beta of 1.29.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. equities analysts forecast that Caterpillar will post 6.4 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is 216.67%.

A number of research analysts have commented on CAT shares. BMO Capital Markets upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $110.00 to $125.00 in a research note on Monday, July 24th. BidaskClub cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Credit Suisse Group restated an “outperform” rating and set a $133.00 price target (up previously from $123.00) on shares of Caterpillar in a research note on Wednesday, July 26th. Finally, Axiom Securities restated a “sell” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $133.92.

COPYRIGHT VIOLATION WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Caterpillar (CAT) Share Price” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://sportsperspectives.com/2017/11/20/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-caterpillar-cat-share-price.html.

In other news, Director Daniel M. Dickinson sold 3,813 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $137.09, for a total value of $522,724.17. Following the completion of the transaction, the director now owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

About Caterpillar

Insider Buying and Selling by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply