JP Morgan Downgrades Duke Realty (DRE); Caterpillar (CAT) Has 1.1 Sentiment

December 17, 2017 - By Maria Brooks

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for heavy and general construction, rental, quarry, aggregate, mining, waste, material handling, gas and oil, power generation, marine, rail, and industrial markets. The company has market cap of $87.27 billion. The Company’s Construction Industries segment offers backhoe, compact, track-type, small and medium wheel, knuckleboom, and skid steer loaders; small and medium track-type, and site prep tractors; mini, wheel, forestry, small, medium, and large track excavators; and motorgraders, pipelayers, telehandlers, cold planers, asphalt pavers, compactors, road reclaimers, and wheel and track skidders and feller bunchers. It has a 98.25 P/E ratio. The companyÂ’s Resource Industries segment provides electric rope and hydraulic shovel, landfill and soil compactor, dragline, large wheel loader, machinery component, track and rotary drill, electronics and control system, work tool, hard rock vehicle and continuous mining system, scoop and hauler, wheel tractor scraper, large track-type tractor, and wheel dozer products; longwall, highwall, and continuous miners; and mining, off-highway, and articulated trucks.

Among 17 analysts covering Duke Realty (NYSE:DRE), 7 have Buy rating, 3 Sell and 7 Hold. Therefore 41% are positive. Duke Realty has $32.0 highest and $21 lowest target. $29.21’s average target is 5.00% above currents $27.82 stock price. Duke Realty had 39 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Monday, September 18. The stock of Duke Realty Corporation (NYSE:DRE) earned “Neutral” rating by Bank of America on Friday, June 23. The firm earned “Equalweight” rating on Thursday, February 4 by Barclays Capital. As per Monday, November 28, the company rating was upgraded by Robert W. Baird. The rating was upgraded by Mizuho to “Buy” on Monday, February 6. The rating was upgraded by Miller Tabak to “Hold” on Wednesday, September 9. The firm has “Sell” rating given on Monday, November 9 by Miller Tabak. Robert W. Baird maintained Duke Realty Corporation (NYSE:DRE) rating on Tuesday, October 31. Robert W. Baird has “Outperform” rating and $31 target. The firm has “Neutral” rating given on Wednesday, September 28 by Mizuho. J.P. Morgan downgraded Duke Realty Corporation (NYSE:DRE) on Friday, December 15 to “Sell” rating.

R. G. Niederhoffer Capital Management Inc holds 11.19% of its portfolio in Caterpillar Inc. for 12,600 shares. American Investment Services Inc. owns 136,760 shares or 5.82% of their US portfolio. Moreover, Impala Asset Management Llc has 5.5% invested in the company for 1.01 million shares. The Washington-based Bill & Melinda Gates Foundation Trust has invested 5.24% in the stock. Kessler Investment Group Llc, a Indiana-based fund reported 36,255 shares.

Ratings analysis reveals 57% of Caterpillar’s analysts are positive. Out of 7 Wall Street analysts rating Caterpillar, 4 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $85.0 while the high is $110.0. The stock’s average target of $95.50 is -34.90% below today’s ($146.69) share price. CAT was included in 7 notes of analysts from September 7, 2016. Wells Fargo upgraded Caterpillar Inc. (NYSE:CAT) on Friday, January 27 to “Outperform” rating. On Tuesday, October 11 the stock rating was upgraded by Goldman Sachs to “Buy”. Barclays Capital upgraded the shares of CAT in report on Tuesday, February 7 to “Overweight” rating. The stock of Caterpillar Inc. (NYSE:CAT) has “Sector Perform” rating given on Friday, January 27 by RBC Capital Markets. As per Monday, December 5, the company rating was maintained by JP Morgan. The firm earned “Sell” rating on Thursday, January 26 by Standpoint Research. Deutsche Bank initiated the shares of CAT in report on Wednesday, September 7 with “Buy” rating.

Since January 1, 0001, it had 0 insider purchases, and 3 sales for $2.32 million activity.

Analysts await Caterpillar Inc. (NYSE:CAT) to report earnings on January, 25. They expect $1.69 EPS, up 103.61% or $0.86 from last year’s $0.83 per share. CAT’s profit will be $1.01B for 21.70 P/E if the $1.69 EPS becomes a reality. After $1.95 actual EPS reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts -13.33% negative EPS growth.

The stock increased 0.28% or $0.41 during the last trading session, reaching $146.69. About 7.93 million shares traded or 126.59% up from the average. Caterpillar Inc. (CAT) has risen 47.53% since December 17, 2016 and is uptrending. It has outperformed by 30.83% the S&P500.

Duke Realty Corporation is an equity real estate investment trust. The company has market cap of $10.00 billion. The firm invests in the real estate markets of the United States. It has a 6.63 P/E ratio. It offers a single point of responsibility for all aspects of a project, including leasing, asset management, construction and development.

Analysts await Duke Realty Corporation (NYSE:DRE) to report earnings on January, 24. They expect $0.30 earnings per share, down 3.23% or $0.01 from last year’s $0.31 per share. DRE’s profit will be $107.83 million for 23.18 P/E if the $0.30 EPS becomes a reality. After $0.30 actual earnings per share reported by Duke Realty Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 1.24 in Q2 2017. Its down 0.06, from 1.3 in 2017Q1. It turned negative, as 23 investors sold Duke Realty Corporation shares while 102 reduced holdings. 56 funds opened positions while 107 raised stakes. 326.63 million shares or 0.11% more from 326.26 million shares in 2017Q1 were reported. Invest Counselors Of Maryland Lc has invested 0.01% in Duke Realty Corporation (NYSE:DRE). Paloma Prtnrs Mgmt has 67,154 shares for 0.02% of their portfolio. Hutchin Hill Cap L P reported 0.02% stake. Moreover, Old Mutual Customised Solutions (Proprietary) Limited has 0.06% invested in Duke Realty Corporation (NYSE:DRE). Catalyst Capital Advisors Limited Liability Corp reported 0% stake. Stevens Management Limited Partnership reported 310,400 shares or 0.33% of all its holdings. Moreover, Bancorporation Of America Corp De has 0.01% invested in Duke Realty Corporation (NYSE:DRE) for 1.11 million shares. Westpac Bk reported 239,438 shares. State Street accumulated 0.04% or 18.20M shares. Public Employees Retirement Association Of Colorado reported 81,700 shares. World Asset Management Incorporated, Michigan-based fund reported 28,646 shares. South Dakota Invest Council stated it has 35,000 shares or 0.02% of all its holdings. Jacobs Levy Equity Management holds 51,610 shares or 0.03% of its portfolio. Cbre Clarion Secs Ltd Liability Corp holds 15,100 shares or 0% of its portfolio. Blackrock reported 45.92 million shares.

The stock increased 0.04% or $0.01 during the last trading session, reaching $27.82. About 5.93 million shares traded or 228.32% up from the average. Duke Realty Corporation (NYSE:DRE) has risen 24.81% since December 17, 2016 and is uptrending. It has outperformed by 8.11% the S&P500.

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