Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Caterpillar (CAT) Share Price
Media stories about Caterpillar (NYSE:CAT) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Caterpillar earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 44.5836560824054 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s analysis:
- We Care For Animals hosts community cat TNR workshops (mohavedailynews.com)
- Chart Of The Day: Why Caterpillar Could Be Sliding Toward $115 (investing.com)
- Caterpillar retail machine sales up 33 percent (pjstar.com)
- Stanley Black and Decker Set to Pay 1Q18 Dividend (finance.yahoo.com)
- Caterpillar (CAT) Feb. Rolling 3-Month World Machine Sales Increase 33% (streetinsider.com)
Several equities research analysts recently issued reports on the stock. Credit Suisse Group restated a “buy” rating and issued a $210.00 target price on shares of Caterpillar in a report on Wednesday. ValuEngine downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Morgan Stanley began coverage on shares of Caterpillar in a research report on Friday, March 2nd. They set an “overweight” rating and a $185.00 price objective on the stock. Vetr upgraded shares of Caterpillar from a “buy” rating to a “strong-buy” rating and set a $180.95 price objective on the stock in a research report on Thursday, March 1st. Finally, UBS Group set a $190.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Caterpillar presently has an average rating of “Buy” and an average price target of $170.91.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.39. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The company had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.01 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The firm’s revenue for the quarter was up 34.7% on a year-over-year basis. research analysts anticipate that Caterpillar will post 9.1 earnings per share for the current year.
In related news, insider Thomas A. Pellette sold 95,199 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total value of $15,526,004.91. Following the sale, the insider now owns 96,268 shares of the company’s stock, valued at $15,700,348.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Suzette M. Long sold 528 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total transaction of $84,722.88. Following the completion of the sale, the general counsel now directly owns 19,646 shares in the company, valued at approximately $3,152,397.16. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
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Caterpillar Company Profile
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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