Caterpillar (CAT) Getting Somewhat Favorable Media Coverage, Study Shows
News coverage about Caterpillar (NYSE:CAT) has trended somewhat positive recently, according to Alpha One Sentiment. The research firm, a subsidiary of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Caterpillar earned a news impact score of 0.16 on Alpha One’s scale. Alpha One also gave news headlines about the industrial products company an impact score of 79 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected AlphaOne Sentiment Analysis’s scoring:
- INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Caterpillar Inc. and Reminds … – Yahoo Finance (finance.yahoo.com)
- Cypress Semiconductor (NASDAQ:CY) Files Definitive Proxy Materials With SEC In Connection With Its Upcoming Annual Meeting- Caterpillar (CAT) (emarketsdaily.com)
- Caterpillar Is Deeply Overvalued (seekingalpha.com)
- Caterpillar Bucks Trend, Selects Suburbs for HQ Location Over Downtown Chicago (costar.com)
- Caterpillar to move corporate headquarters to Deerfield (illinoispolicy.org)
A number of equities research analysts have recently weighed in on CAT shares. Credit Suisse Group AG restated an “outperform” rating and issued a $111.00 price target (up from $101.00) on shares of Caterpillar in a research note on Thursday, January 19th. Vetr upgraded shares of Caterpillar from a “sell” rating to a “buy” rating and set a $98.27 price target on the stock in a research note on Tuesday, February 7th. Barclays PLC upgraded shares of Caterpillar from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $100.00 to $110.00 in a research note on Tuesday, February 7th. Bank of America Corp reiterated a “neutral” rating and set a $105.00 target price on shares of Caterpillar in a research report on Monday, March 6th. Finally, Wells Fargo & Co upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating and set a $118.00 target price on the stock in a research report on Friday, January 27th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $93.22.
Caterpillar (NYSE:CAT) traded up 2.11% during mid-day trading on Thursday, hitting $94.66. 4,852,017 shares of the stock traded hands. The company has a 50-day moving average of $93.84 and a 200 day moving average of $92.81. Caterpillar has a 1-year low of $69.04 and a 1-year high of $99.46. The firm’s market capitalization is $55.52 billion.
Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 26th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. Caterpillar had a positive return on equity of 13.44% and a negative net margin of 0.17%. The firm earned $9.57 billion during the quarter, compared to the consensus estimate of $9.87 billion. During the same period last year, the company earned $0.74 earnings per share. The company’s revenue was down 13.2% on a year-over-year basis. On average, equities research analysts anticipate that Caterpillar will post $3.25 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, May 20th. Stockholders of record on Monday, April 24th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, April 20th. This represents a $3.08 annualized dividend and a dividend yield of 3.25%. Caterpillar’s payout ratio is presently -2,369.23%.
In related news, insider Lange Bob De purchased 1,000 shares of Caterpillar stock in a transaction dated Tuesday, February 21st. The stock was purchased at an average cost of $99.32 per share, for a total transaction of $99,320.00. Following the completion of the acquisition, the insider now directly owns 10,230 shares of the company’s stock, valued at $1,016,043.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel M. Dickinson sold 3,884 shares of the firm’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $97.90, for a total value of $380,243.60. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.
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