Caterpillar Sees Unusually Large Options Volume (CAT)
Caterpillar (NYSE:CAT) was the recipient of some unusual options trading on Wednesday. Traders acquired 19,628 put options on the company, Analyst Ratings.Net reports. This represents an increase of 124% compared to the average daily volume of 8,768 put options.
A number of research firms have recently commented on CAT. Analysts at Barclays raised their price target on shares of Caterpillar from $95.00 to $104.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at UBS AG reiterated a “neutral” rating on shares of Caterpillar in a research note to investors on Monday. They now have a $94.00 price target on the stock, up previously from $84.00. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Caterpillar in a research note to investors on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Caterpillar has a consensus rating of “Hold” and a consensus target price of $91.84.
Caterpillar (NYSE:CAT) opened at 91.81 on Thursday. Caterpillar has a one year low of $79.49 and a one year high of $99.70. The stock’s 50-day moving average is $87. and its 200-day moving average is $85.. The company has a market cap of $58.424 billion and a price-to-earnings ratio of 17.50.
Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.45 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.71 by $0.26. The company had revenue of $13.42 billion for the quarter, compared to the consensus estimate of $14.49 billion. During the same quarter in the previous year, the company posted $2.54 earnings per share. The company’s revenue for the quarter was down 18.4% on a year-over-year basis. On average, analysts predict that Caterpillar will post $5.50 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, February 20th. Investors of record on Tuesday, January 21st will be given a dividend of 0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, January 16th.
Caterpillar Inc (NYSE:CAT) is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
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