|Bid||96.763 x 35000|
|Ask||97.391 x 35000|
|Day's Range||95.752 - 97.032|
|52 Week Range||82.880 - 98.520|
|PE Ratio (TTM)||-389.69|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
There are signs the rally in Catepillar is slowing.
Deere & Co reported quarterly sales below estimates and its full-year farm equipment sales forecast indicated sluggish demand for its trademark green tractors and harvesting combines in the United States, sending its shares down 9 percent. While analysts have said the weakness in the farm sector has bottomed out, bumper corn and soybeans harvests in the United States have kept prices low, leaving farmers with less cash to spend on farm equipment. "Investors have rewarded Deere shares with meaningful multiple expansion as (agriculture) markets have bottomed and management made visible and meaningful progress on cost reduction," Dobre noted.
Caterpillar Inc. said Friday that total machines retail sales for the rolling 3-month period ending July rose 12% from the same period a year ago, with growth in all geographic regions, after rising 7% ...