Media headlines about Caterpillar (NYSE:CAT) have trended positive on Tuesday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Caterpillar earned a daily sentiment score of 0.34 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 83 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Caterpillar to Begin Trading Ex-Dividend (constructionequipmentguide.com)
- Caterpillar Among US Companies Featured in Trump’s ‘Made in America’ Event (peoriapublicradio.org)
- Caterpillar Inc (CAT) Breaks Through Support at $108.09 (mysmartrend.com)
- Dividend Coverage: Caterpillar has doubled its Dividend since 2007; Will Trade Ex-Dividend on July 18, 2017 (finance.yahoo.com)
- Trump’s ‘Made In America’ Company May Have Dodged Taxes – Daily Beast (thedailybeast.com)
CAT has been the topic of several research analyst reports. BidaskClub upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Axiom Securities reiterated a “sell” rating on shares of Caterpillar in a research note on Tuesday, June 6th. Raymond James Financial, Inc. upgraded shares of Caterpillar to a “buy” rating and set a $55.00 price target on the stock in a research note on Thursday, April 27th. Bank of America Corporation upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $105.00 to $120.00 in a research note on Thursday, May 11th. Finally, Vetr upgraded shares of Caterpillar from a “strong sell” rating to a “sell” rating and set a $90.53 price target on the stock in a research note on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Caterpillar currently has an average rating of “Hold” and a consensus target price of $97.72.
Caterpillar (CAT) opened at 108.84 on Tuesday. Caterpillar has a 12 month low of $78.34 and a 12 month high of $110.00. The firm’s market cap is $64.12 billion. The firm’s 50-day moving average is $104.38 and its 200-day moving average is $97.66.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.66. Caterpillar had a negative net margin of 0.38% and a positive return on equity of 16.46%. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.27 billion. During the same period in the prior year, the firm earned $0.67 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts expect that Caterpillar will post $4.22 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, July 18th. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 dividend on an annualized basis and a yield of 2.87%. Caterpillar’s dividend payout ratio is currently -1,140.70%.
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Caterpillar Company Profile
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