Caterpillar, Inc. Common Stock (NYSE:CAT):
Caterpillar Affirms Commitment to Egypt’s Infrastructure Development.
In the market the company is trading up by 4.48% since yesterday’s close of $82.88.
Additionally the company recently announced a dividend for shareholders that was paid on Saturday August 20th, 2016. The dividend was $0.770 per share for the quarter which is $3.08 annualized. The dividend yield was $3.74. The ex-dividend date was set for Monday the 18th of July 2016.
Company chares are trading at $86.59 which is just a bit higher than $82.80, the stock’s 50 day moving average and just above the 200 day moving average of $77.92. The 50 day moving average was up $3.79 and the 200 day average went up $8.67 or +11.13%.
The P/E ratio is 57.73 and market capitalization is 50.59B. As of the last earnings report the EPS was $1.50 and is expected to be $3.50 for the current year with 584,231,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.99 with next year’s EPS projected to be $3.54.
A few Wall Street investment firms have weighed in on the company of late. On September 19, 2016 the stock rating was changed to a “Mixed” by OTR Global down from the previous “Positive” rating. July 28 investment analysts at Jefferies maintained a company rating of “Hold” and raised the price target to $72.00 from $69.00.
On July 27 Citigroup left the company rating at “Neutral” but moved up the price target from $75.00 to $82.00. On April 26 the company was upgraded from “Hold” to “Buy” and a price target of $92.00 was set in a statement from Argus Research.
On April 25 the stock rating was upgraded to “Neutral” from “Sell” with a current price target of $78.00 by Goldman Sachs. On April 15 the company was upgraded from “Hold” to “Buy” in a report from Vertical Research.