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Caterpillar (NYSE:CAT) Trading Down 7% – Here’s What Happened
['Trevor Kearing']
Daily Political
Caterpillar Inc. (NYSE:CAT – Get Free Report)’s stock price traded down 7% during trading on Wednesday .
Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Caterpillar in a research report on Friday, May 8th.
Caterpillar Price PerformanceThe company has a market cap of $360.33 billion, a PE ratio of 38.94, a PEG ratio of 1.71 and a beta of 1.57.
The industrial products company reported $5.54 earnings per share for the quarter, beating the consensus estimate of $4.65 by $0.89.
Caterpillar Company Profile(Get Free Report)Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives.