NEW YORK, August 11, 2016 /PRNewswire/ --
Today's attention on Stock-Callers.com is directed to four Farm and Construction Machinery companies in the Industrial Goods sector, namely: Caterpillar Inc. (NYSE: CAT), Joy Global Inc. (NYSE: JOY), Deere & Co. (NYSE: DE), and The Manitowoc Co. Inc. (NYSE: MTW). The global industrial machinery market size is expected to experience substantial growth from 2016 to 2023, whereas the U.S. industrial machinery market size is anticipated to drop due to low mining activities and limitations in the utility industries. Learn more about these stocks by downloading their free research reports in PDF format at: http://stock-callers.com/registration
Peoria, Illinois headquartered Caterpillar Inc.'s stock finished Wednesday's session 0.22% lower at $82.65 with a total trading volume of 2.29 million shares. The Company's shares have advanced 4.57% in the past month, 15.21% in the previous three months, and 25.54% since the start of this year. The stock is trading 6.88% above its 50-day moving average and 16.79% above its 200-day moving average. Additionally, shares of Caterpillar, which manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide, have a Relative Strength Index (RSI) of 60.73.
On July 26th, 2016, Caterpillar Inc. announced profit per share of $0.93 for Q2 2016, a decrease from $1.31 profit per share in Q2 2015. Excluding restructuring costs, profit per share was $1.09, down from $1.40 profit per share in Q2 2015. Q2 2016 sales and revenues were $10.3 billion, down 16% from $12.3 billion in Q2 2015.
On July 27th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $70 a share to $73 a share. Sign up and read the free research report on CAT at: http://stock-callers.com/registration/?symbol=CAT
On Wednesday, shares in Milwaukee, Wisconsin headquartered Joy Global Inc. recorded a trading volume of 3.03 million shares. The stock ended the session 0.04% lower at $27.47. The Company's shares have advanced 15.08% in the last one month, 64.07% in the previous three months, and 118.08% on an YTD basis. The stock is trading 17.88% above its 50-day moving average and 63.67% above its 200-day moving average. Moreover, shares of Joy Global, which manufactures and services mining equipment for extraction of coal, copper, iron ore, oil sands, gold, and other minerals and ores worldwide, have an RSI of 64.51.
On July 21st, 2016, research firm BB&T Capital Markets upgraded the Company's stock rating from 'Underweight' to 'Hold'.
On August 5th, 2016, Joy Global announced that it has completed the sale of its steel plate mill in Longview, Texas, to Nucor Corporation for approximately $29 million. All of Longview's steel mill and cutting employees have transitioned to Nucor employment. The complimentary research report on JOY can be downloaded at: http://stock-callers.com/registration/?symbol=JOY
Shares in Moline, Illinois headquartered Deere & Co. closed the day 0.94% lower at $78.15. The stock recorded a trading volume of 1.76 million shares. The Company's shares have gained 4.01% on an YTD basis. The stock is trading 0.55% below its 200-day moving average. Additionally, shares of Deere & Co., which together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide, have an RSI of 38.48.
On July 22nd, 2016, Deere & Co. informed approximately 120 production employees at its John Deere Harvester Works in East Moline, Illinois that they will be placed on indefinite layoff effective September 6th, 2016. The factory's workforce currently includes approximately 1050 production employees.
On July 29th, 2016, research firm UBS downgraded the Company's stock rating from 'Buy' to 'Neutral'. The research firm also revised downwards its previous target price from $94 to $80. Register for free on Stock-Callers.com and access the latest report on DE at: http://stock-callers.com/registration/?symbol=DE
At the close, shares in Manitowoc, Wisconsin-based The Manitowoc Co. Inc. ended the day at $4.84, climbing 0.41%. The stock recorded a trading volume of 5.16 million shares, which was above its three months average volume of 3.16 million shares. The Company's shares are trading below their 50-day moving average by 13.04%. Furthermore, shares of The Manitowoc, which designs, manufactures, and sells cranes and related products, and foodservice equipment worldwide, have an RSI of 30.48.
On August 08th, 2016, Manitowoc reported Q2 2016 sales of $457.7 million, a 4% decrease versus $477.7 million in the comparable period in 2015. On a GAAP basis, the company reported a net loss of ($4.9) million, or ($0.04) per diluted share, in Q2 2016 versus a net income of $23.3 million, or $0.17 per diluted share, in Q2 2015.Get free access to your research report on MTW at: http://stock-callers.com/registration/?symbol=MTW
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/
CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: firstname.lastname@example.org Phone number: +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA