Market Update (NYSE:CAT): Caterpillar to Participate in the Wells Fargo Securities Industrial and Construction Conference on May 11; Webcast Available

[PR Newswire] – PEORIA, Ill., May 9, 2016 /PRNewswire/ — Caterpillar Inc. (NYSE: CAT) Group President of Energy & Transportation Jim Umpleby and Director of Investor Relations Amy Campbell will speak at the Wells Fargo … Read more on this. Caterpillar Inc. (CAT) , with a current market cap of $41.77B, opened this morning at $72.33. Looking at today’s trading action, the company’s one day range from $71.44 to $72.63 and has traded between $56.36 and $89.62 over the past 12 months. Priced at 20.50x this year’s forecasted earnings, CAT shares are relatively expensive compared to the industry’s 14.47x forward p/e ratio. And for dividend hunters, the company pays shareholders $3.08 per share annually in dividends, yielding 4.20%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $0.98 per share, which would be $0.29 worse than the year-ago quarter and a $0.06 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.55 would be a $1.09 worse 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 $10.06 Billion. If realized, that would be a 18.34% decrease over the year-ago quarter. Recently, 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 $68.47, which is 5.34% below where the stock opened this morning. See more in (NYSE:CAT) Similar Articles: Company Update (NYSE:CAT): Caterpillar to Participate in the Bank of America Merrill Lynch Global Industrials Conference on March 17; Webcast Available Company Update: Caterpillar Inc (NYSE:CAT) – Caterpillar to Participate in the J.P. Morgan Aviation, Transportation and Industrials Conference on March 8; Webcast Available Company Update (NYSE:CAT): Caterpillar to Participate in the Barclays Industrial Select Conference 2016 on February 18; Webcast Available