Susquehanna Lowers Price Target, Estimates on Caterpillar (CAT)
On Tuesday, analysts at Susquehanna cut the price target and earnings estimates on construction and mining equipment manufacturer Caterpillar Inc. (CAT).
The analysts maintained a “Positive” rating on CAT, but cut its price target from $118 to $109. This new valuation suggests a 26% upside to Monday’s closing price of $86.64.
Caterpillar shares were up 39 cents, or +0.45%, during Tuesday morning trading. The stock is down -19.84% over the past year.
The Bottom Line
Shares of Caterpillar (CAT) have a dividend yield of 2.39% based on Tuesday’s intraday trading price of $87.03 and the company’s annualized dividend payout of $2.08 per share.
Caterpillar Inc. (CAT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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