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Stock Update (NYSE:CAT): Caterpillar – What We’ve Built. Where We’re Headed. What We’re Solving

[PR Newswire] – PEORIA, Ill., March 11, 2016 /PRNewswire/ — Caterpillar Inc. (CAT) published its annual Year in Review and Sustainability Report today, detailing the progress made in 2015 despite challenging economic conditions. Recognizing Caterpillar’s 90-year history as a global leader of sustainable progress, the tandem reports – titled “What We’ve Built. “World population growth will continue to drive increased demand for energy, commodities, infrastructure and transportation – all of which require the power, endurance and sophistication of Cat® equipment,” said Caterpillar Chairman and CEO, Doug Oberhelman. Read more on this. Caterpillar Inc. (CAT) , currently valued at $42.49B, opened at $72.36. Shares have traded today between $72.28 and $73.06 per share with a one year range of $56.36 to $89.62. Caterpillar (CAT) shares are currently priced at 19.48x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.10x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $3.08 per share annually in dividends, yielding 4.12%. According to a consensus of 17 analysts, the earnings estimate of $0.97 per share would be $0.89 worse than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.69 would be a $0.95 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.35 Billion. If realized, that would be a 18.50% decrease over the year-ago quarter. In terms of ratings, Goldman downgraded CAT from Neutral to Sell (Jan 25, 2016). Previously, Deutsche Bank downgraded CAT from Buy to Hold. The average price target for CAT shares by the analysts covering the stock is $60.30, which is 16.67% below where the stock opened this morning. See more in (NYSE:CAT) Similar Articles: Company Update: Caterpillar Inc (NYSE:CAT) – Caterpillar to Participate in the J.P. Morgan Aviation, Transportation and Industrials Conference on March 8; Webcast Available Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar Announces Officer Retirement and Further Consolidation of Divisions Stock Update: Caterpillar Inc (NYSE:CAT) – Caterpillar to Participate in the Goldman Sachs Industrials Conference 2015 on November 4; Webcast Available
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