[PR Newswire] – PEORIA, Ill., Dec. 2, 2013 /PRNewswire/ — Caterpillar Inc. (NYSE: CAT) Group President Jim Umpleby, Vice President Mike DeWalt and Director of Investor Relations Rich Moore will speak at the Credit Suisse …
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Caterpillar Inc. (CAT), currently valued at $54.06B, started the session at $84.70.
Today’s price range has been between $84.52 and $84.98 per share with its 52-week range being $79.49 to $99.70.
CAT shares are currently priced at 15.42x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 52.06x forward p/e ratio.
And for passive income investors, the company pays shareholders $2.40 per share annually in dividends, yielding 2.90%.
According to a consensus of 21 analysts, the earnings estimate of $1.29 per share would be $0.17 worse than the year-ago quarter and a $0.53 sequential decrease. Investors should also note that the full-year EPS estimate of $5.49 is a $3.41 worse when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.61 Billion. If reported, that would be a 15.36% decrease over the year-ago quarter.
In terms of ratings, Robert W. Baird downgraded CAT from Outperform to Neutral (Sep 18, 2013). Previously, Standpoint Research Initiated CAT at to Buy.
Investors should keep in mind is that the average price target is $90.59, which is 6.95% above where the stock opened this morning.
Caterpillar Inc. (NYSE:CAT), manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives worldwide. The companys Construction Industries segment offers construction machinery, related parts and much more.
Tag Helper ~ Stock Code: CAT | Common Company name: Caterpillar | Full Company name: Caterpillar Inc. (NYSE:CAT) .