Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Caterpillar (CAT) Share Price

News articles about Caterpillar (NYSE:CAT) have trended somewhat positive on Friday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 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 media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.1627450533456 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

Several research firms recently weighed in on CAT. Royal Bank of Canada lifted their price target on Caterpillar to $166.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 31st. Zacks Investment Research lowered Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 26th. BMO Capital Markets dropped their price target on Caterpillar from $195.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 31st. They noted that the move was a valuation call. Stifel Nicolaus restated a “hold” rating and set a $174.00 price target (down from $176.00) on shares of Caterpillar in a research report on Monday, May 14th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Caterpillar in a research report on Wednesday, April 25th. Thirteen equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Caterpillar currently has an average rating of “Buy” and an average target price of $170.94.

Caterpillar stock opened at $136.26 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.97 and a current ratio of 1.37. Caterpillar has a 12 month low of $112.69 and a 12 month high of $173.24. The firm has a market capitalization of $80.78 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 0.89 and a beta of 1.38.

Caterpillar (NYSE:CAT) last released its earnings results on Monday, July 30th. The industrial products company reported $2.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.73 by $0.24. Caterpillar had a return on equity of 40.60% and a net margin of 6.12%. The business had revenue of $14.01 billion for the quarter, compared to the consensus estimate of $14.09 billion. During the same period in the previous year, the company posted $1.49 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. research analysts predict that Caterpillar will post 11.54 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 20th. Shareholders of record on Friday, July 20th will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.52%. This is an increase from Caterpillar’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Thursday, July 19th. Caterpillar’s payout ratio is 50.00%.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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