FY2017 EPS Estimates for Caterpillar Inc. (CAT) Lifted by Jefferies Group

Posted April 30, 2017

Robert W. Baird set a $102.00 price objective on Caterpillar and gave the company a hold rating in a research report on Wednesday, April 12th. Overall, 9.84 Million shares exchanged hands versus its average trading volume of 5.58 Million shares.

Comparatively, Caterpillar Inc. posted earnings of $0.97 per share in the same quarter previous year. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Vetr lowered shares of Caterpillar from a "sell" rating to a "strong sell" rating and set a $86.90 target price on the stock.in a report on Tuesday.

Caterpillar Inc. (NYSE:CAT) has been given an average rating of "Hold" by the twenty-five analysts that are covering the firm. The stock recently closed its previous session at $92.27 by showing a percentage change of -0.53% from its previous day closing price of $92.76. On average, analysts forecast that Caterpillar Inc. will post $3.26 EPS for the current year. The firm has a 50-day moving average price of $95.41 and a 200 day moving average price of $89.72.

Caterpillar Inc. (CAT) belongs to the "Industrial Goods" sector with an industry focus on "Farm & Construction Machinery", with Mr. D. James Umpleby III as Chief Exec. Officer and Director. The stock now has a consensus rating of "Hold" and a consensus target price of $91.94. Finally, Integrated Wealth Management increased its stake in Caterpillar by 34.6% in the third quarter. The industrial products company reported $1.28 EPS for the quarter, beating the Zacks' consensus estimate of $0.62 by $0.66. Financial Architects Inc increased its stake in Caterpillar by 5.7% in the first quarter. Finally, Kernodle & Katon Asset Management Group LLC boosted its stake in Caterpillar by 5.0% in the third quarter. Capital Research Global Investors now owns 17,401,260 shares of the industrial products company's stock valued at $1,544,710,000 after buying an additional 804,404 shares during the last quarter. The count of Hold ratings in that period was 1. Credit Suisse Group AG restated an "outperform" rating and issued a $111.00 target price (up previously from $101.00) on shares of Caterpillar in a research note on Thursday, January 19th.

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Covering Street analysts commonly offer ratings on company stock.

4/4/2017-Goldman Sachs Group Inc Upgrade from a "Buy " rating to a " Conviction-Buy" rating. Caterpillar Inc. has a 12-month low of $66.45 and a 12-month high of $99.46. The float short is 4.12%, with the short ratio at a value of 4.32. In terms of margins, Caterpillar Inc. has a gross margin of 26.50%, with its operating margin at 1.30%, and Caterpillar Inc. has a profit margin of -0.20%. The high and low revenue estimates for the current quarter are $10.81 Billion and $9.91 Billion, respectively.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stockholders of record on Monday, April 24th will be paid a dividend of $0.77 per share.

On 12/14/2016 Caterpillar announced a quarterly dividend of $0.77 3.26% with an ex dividend date of 1/18/2017 which will be payable on 2/18/2017. Even with dividends reinvested, that only amounts to an average annual total return of about 1.6%; so by comparison collecting a yield above 3% would appear considerably attractive if that yield is sustainable. The disclosure for this sale can be found here. The stock was sold at an average price of $97.90, for a total value of $380,243.60. Caterpillar has a dividend payout ratio of 95.4% meaning its dividend is now covered by earnings, but may not be in the future if the company's earnings tumble.