Investors sentiment increased to 0.96 in Q2 2017. Its up 0.25, from 0.71 in 2017Q1. It increased, as 51 investors sold Caterpillar Inc. shares while 382 reduced holdings. 110 funds opened positions while 307 raised stakes. 403.41 million shares or 1.48% less from 409.46 million shares in 2017Q1 were reported.
Investors wait Caterpillar Inc. (NYSE:CAT) to report on October, 24 before the open. its quarterly earnings Wall Street analysts expect $1.19 EPS, up $0.34 or 40.00 % from last year’s $0.85 same quarter earnings. This translates into $703.24 million profit for CAT giving the stock a 26.67 P/E. This is assuming the current $1.19 EPS is accurate. Caterpillar Inc.’s Wall Street analysts see -20.13 % negative EPS growth, taking into account the $1.49 EPS reproted in the previous quarter, The stock increased 0.46% or $0.58 on October 6, reaching $126.93. About 2.70M shares traded. Caterpillar Inc. (NYSE:CAT) has risen 47.53% since October 9, 2016 and is uptrending. It has outperformed by 30.83% the S&P500.
Among 29 analysts covering Caterpillar Inc. (NYSE:CAT), 11 have Buy rating, 4 Sell and 14 Hold. Therefore 38% are positive. Caterpillar Inc. had 79 analyst reports since July 27, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Outperform” rating in Thursday, September 14 report. The firm earned “Buy” rating on Friday, September 25 by Stifel Nicolaus. The firm has “Hold” rating given on Thursday, October 5 by Jefferies. RBC Capital Markets maintained Caterpillar Inc. (NYSE:CAT) on Friday, September 25 with “Sector Perform” rating. The stock of Caterpillar Inc. (NYSE:CAT) earned “Hold” rating by Stifel Nicolaus on Monday, July 24. Deutsche Bank downgraded Caterpillar Inc. (NYSE:CAT) rating on Thursday, December 17. Deutsche Bank has “Hold” rating and $60 target. On Monday, September 19 the stock rating was downgraded by OTR Global to “Mixed”. The firm earned “Neutral” rating on Thursday, August 3 by Atlantic Securities. Tigress Financial maintained the stock with “Buy” rating in Monday, September 18 report. Robert W. Baird maintained Caterpillar Inc. (NYSE:CAT) on Thursday, September 21 with “Hold” rating.
Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company has market cap of $75.01 billion.
More notable recent Caterpillar Inc. (NYSE:CAT) news were published by: Seekingalpha.com which released: “August IMF Review: Summer Blues; Why I Sold Caterpillar” on September 25, 2017, also Investorplace.com with their article: “After Making New Highs, Caterpillar Inc. (CAT) Stock Is Priced For Purrfection” published on October 02, 2017, Seekingalpha.com published: “Why Caterpillar Is Still A Buy At Record Highs” on September 13, 2017. More interesting news about Caterpillar Inc. (NYSE:CAT) were released by: Seekingalpha.com and their article: “Caterpillar Finally Has A Tailwind” published on September 20, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Caterpillar Inc – Jon Huntsman Jr. to resign as boardmember â€‹” with publication date: October 02, 2017.