Caterpillar Inc. (NYSE:CAT), is an American manufacturing icon, used a wholly owned Swiss affiliate to shift $8 billion in profits from the United States to Switzerland to take advantage of a special four to six percent corporate tax rate it negotiated with the Swiss government and defer or avoid paying $2.4 billion in U.S. taxes to date, according to a new report from Senator Carl Levin (D-Michigan) the chairman of the U.S. Senate Permanent Subcommittee on Investigations. Caterpillar Inc. (NYSE:CAT) shares fell -0.02% in last trading session and ended the day on $99.37. CAT return on equity ratio is recorded as 20.30% and its return on assets is 4.40%. Caterpillar Inc. (NYSE:CAT) yearly performance is 17.50%.
Analysts at UBS AG lifted their target price on shares of Constellium NV (NYSE:CSTM) from $24.00 to $32.00 in a research report issued to clients and investors on Friday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective would suggest a potential upside of 17.52% from the company’s current price. Constellium NV (NYSE:CSTM) shares after opening at $28.84 on last trade day and at the end of the day closed at $29.35. Company price to sales ratio in past twelve months was calculated as 0.63 and price to cash ratio as 9.86. Constellium NV (NYSE:CSTM) showed a positive weekly performance of 7.79%.
Cummins Inc. (NYSE:CMI)’s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Monday, Analyst RN reports. They currently have a $170.00 price objective on the stock. Deutsche Bank’s target price points to a potential upside of 16.44% from the company’s current price. Cummins Inc. (NYSE:CMI) shares moved up 3.05% in last trading session and was closed at $148.99, while trading in range of $147.51 – $150.34. Cummins Inc. (NYSE:CMI) year to date (YTD) performance is 6.16%.
Hollysys Automation Technologies (NASDAQ:HOLI) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports. They currently have a $22.40 price objective on the stock. Zacks‘s target price indicates a potential upside of 17.09% from the stock’s previous close. Hollysys Automation Technologies Ltd (NASDAQ:HOLI) weekly performance is 12.60%. On last trading day company shares ended up $21.54. Hollysys Automation Technologies Ltd (NASDAQ:HOLI ) distance from 50-day simple moving average (SMA50) is 15.69%. Analysts mean target price for the company is $28.98.