Caterpillar Inc. (CAT) Updates FY12 Earnings Guidance
Caterpillar Inc. (CAT) updated its FY12 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $9.00-9.25 for the period.
A number of research firms have also recently commented on CAT. Analysts at Barclays Capital reiterated an overweight rating on shares of Caterpillar in a research note to investors on Thursday. They now have a $114.00 price target on the stock. On a related note, analysts at Jefferies Group reiterated a hold rating on shares of Caterpillar in a research note to investors on Friday, October 12th. They now have a $85.00 price target on the stock. Finally, analysts at RBC Capital downgraded shares of Caterpillar from an outperform rating to a sector perform rating in a research note to investors on Thursday, October 11th. They now have a $95.00 price target on the stock, down previously from $105.00.
Shares of Caterpillar Inc. (CAT) opened at 83.86 on Monday. Caterpillar Inc. (CAT) has a one year low of $78.25 and a one year high of $116.95. The company has a market cap of $54.783 billion and a P/E ratio of 9.38.
Caterpillar last issued its quarterly earnings data on Monday, October 22nd. The company reported $2.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.24 by $0.30. Caterpillar’s revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that Caterpillar Inc. (CAT) will post $9.41 earnings per share for the current fiscal year.
Caterpillar Inc. (Caterpillar) is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.