Caterpillar Given Neutral Rating at UBS AG (CAT)
Caterpillar (NYSE:CAT)‘s stock had its “neutral” rating reaffirmed by equities research analysts at UBS AG in a research note issued to investors on Friday, Analyst Ratings Network.com reports. They currently have a $106.00 price target on the stock. UBS AG’s target price points to a potential upside of 1.25% from the stock’s previous close.
CAT has been the subject of a number of other recent research reports. Analysts at Susquehanna raised their price target on shares of Caterpillar from $105.00 to $121.00 in a research note on Friday. Separately, analysts at Jefferies Group raised their price target on shares of Caterpillar from $85.00 to $95.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Caterpillar from $103.00 to $117.00 in a research note on Friday. They now have an “outperform” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Caterpillar currently has a consensus rating of “Hold” and a consensus target price of $96.95.
Caterpillar (NYSE:CAT) traded down 0.56% on Friday, hitting $104.69. The stock had a trading volume of 5,731,929 shares. Caterpillar has a 52-week low of $80.86 and a 52-week high of $107.40. The stock has a 50-day moving average of $99.96 and a 200-day moving average of $91.63. The company has a market cap of $66.774 billion and a price-to-earnings ratio of 18.31. Caterpillar also was the target of a significant drop in short interest in the month of January. As of March 31st, there was short interest totalling 24,940,659 shares, a drop of 28.0% from the March 14th total of 34,629,924 shares. Based on an average trading volume of 5,773,788 shares, the short-interest ratio is currently 4.3 days. Approximately 3.9% of the company’s stock are sold short.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.37. The company had revenue of $13.24 billion for the quarter, compared to the consensus estimate of $13.14 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Caterpillar will post $6.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, May 20th. Shareholders of record on Monday, April 21st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Wednesday, April 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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