Caterpillar (CAT) Receiving Somewhat Favorable News Coverage, Analysis Shows
Headlines about Caterpillar (NYSE:CAT) have been trending somewhat positive on Friday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Caterpillar earned a coverage optimism score of 1.00 on their scale. InfoTrie also assigned news articles about the industrial products company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have effected Caterpillar’s score:
- Eric Carle’s ‘The Very Hungry Caterpillar’ is 50 – Deutsche Welle (dw.com)
- Caterpillar publishes companion reports on progress and sustainability – Aggregate Research (aggregateresearch.com)
- 58 – Caterpillar – Yahoo Finance (finance.yahoo.com)
- The Race to Cultivate China’s Beloved ‘Zombie Mushroom’ – Atlas Obscura (atlasobscura.com)
- Is Caterpillar Stock a Buy? – Yahoo Finance (finance.yahoo.com)
A number of brokerages have issued reports on CAT. ValuEngine cut shares of Caterpillar from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. UBS Group set a $125.00 target price on shares of Caterpillar and gave the stock a “sell” rating in a research report on Friday, May 3rd. Morgan Stanley set a $165.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Bank of America set a $152.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, Deutsche Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating and cut their target price for the stock from $152.00 to $128.00 in a research report on Wednesday, April 3rd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $145.39.
Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.10. Caterpillar had a net margin of 11.50% and a return on equity of 45.08%. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.36 billion. During the same period in the previous year, the firm posted $2.82 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, research analysts predict that Caterpillar will post 12.24 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Monday, July 22nd will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.25%. This is an increase from Caterpillar’s previous quarterly dividend of $0.86. The ex-dividend date is Friday, July 19th. Caterpillar’s payout ratio is presently 30.66%.
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Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
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