Caterpillar Inc. (NYSE:CAT) [Trend Analysis] luring active investment momentum, shares a decrease -0.38% to $95.81. Caterpillar (CAT) has had a hard time the past few years and the need for heavy equipment has faltered. Better results and the election of Donald Trump, however, have driven its shares higher Shares are up 41% to $95.81
The company reported: profit per share of $0.48 for the third quarter of 2016, a decrease from $0.94 per share in the third quarter of 2015. Excluding restructuring costs, profit per share was $0.85, down from $1.05 per share in the third quarter of 2015. Third-quarter 2016 sales and revenues of $9.2 billion were down 16 percent from $11.0 billion in the third quarter of 2015.
“Economic weakness throughout much of the world persists and, as a result, most of our end markets remain challenged. In North America, the market has an abundance of used construction equipment, rail customers have a substantial number of idle locomotives, and around the world there are a significant number of idle mining trucks,” said Caterpillar Chairman and Chief Executive Officer Doug Oberhelman.
The CAT held a rough session during the week but was ready to get some critical analysis. The stock was assessed by a pool of analysts at WSJ and came out with some serious outcomes not to be avoided before making investment. The CAT ratings chart showed that 16 gave HOLD ratings for the current month as 0 analysts opting for Overweight option for same period, whereas, 1 analyst out of pool gave UNDERWEIGHT rating. For stocks’ current month, 3 analysts opted for BUY ratings as compared to 2 opting for SELL in the same period. The stock price target chart showed average price target of 83.88 as compared to current price of 95.81.
Taking look on per share earnings estimates, its next year first quarter current estimate trend for EPS was for $0.68 and on annual basis FY 2016 estimate trends at current was for $3.26 as compared to one month ago of $3.30, and for next year per share earnings estimates have $3.35.
Shares of D.R. Horton, Inc. (NYSE:DHI) [Trend Analysis] runs in leading trade, it moving up 0.24% to traded at $28.88. The firm has price volatility of 1.47% for a week and 2.48% for a month. Its beta stands at 1.16 times. Lets us look over what analysts have to say about performance of the DHI. Starting with EPS for the final quarter of this year. EPS is usually the indicator of profitability for the company. According to WSJ analysis, the Q4 2016 current estimates trends were for $0.48 as compared to the next year Q1 current trend of $0.56. While on annual basis the current EPS estimates trend for FY 2017 came in for $2.96 as compared to three months ago $3.02.
The stock prices target chart showed high target of 37.00 kept by analysts at WSJ while the average price target was for 33.62 as compared to current price of 28.88. Somehow, the stock managed to gain BUY ratings by 7 analysts in current tenure, 9 recommend as HOLD. Overall, the consensus ratings were for Overweight by the pool of analysts.
Narrow down four to firm performance, its weekly performance was 1.44% and monthly performance was 1.40%. The stock price of DHI is moving up from its 20 days moving average with 2.21% and isolated negatively from 50 days moving average with -0.66%.