Credit Suisse is Bullish on Construction

Credit Suisse (NYSE:CS) issued a report this morning highlighting a number of construction and engineering stocks.  They are bullish on Caterpillar (NYSE:CAT), Cummins (NYSE:CMI), Fluor (NYSE:FLR), Chicago Bridge Iron (NYSE:CBI) and McDermott International (NYSE:MDR).

Following is some information about these companies:

  • Caterpillar: The shares are trading at $76.21, down $1.46, or 1.97%, on the day.  The shares have traded in a 52-week range of $72.60 to $116.55 and its market capitalization is $49.24 billion.  About the company: Caterpillar, Inc. designs, manufactures, and markets construction, mining, agricultural, and forestry machinery.  The Company also manufactures engines and other related parts for its equipment, and offers financing and insurance.  Caterpillar distributes its products through a worldwide organization of dealers.
  • Cummins: The shares are trading at $88.40, down $3.52, or 3.83%, on the day.  The shares have traded in a 52-week range of $79.62 to $121.49 and its market capitalization is $17.21 billion.  About the company: Cummins, Inc. designs, manufactures, distributes and services diesel and natural gas engines.  The Company also manufactures electric power generation systems and engine-related component products, including filtration and exhaust aftertreatment, fuel systems, controls, and air handling systems.
  • Fluor: The shares are trading at $49.75, down $2.05, or 3.96%, on the day.  The shares have traded in a 52-week range of $47.81 to $75.76 and its market capitalization is $8.65 billion. Fluor Corporation is a professional services company.  The Company provides engineering, procurement, construction and maintenace as well as project management services on a global basis.  Fluor also provides outsourcing of maintenance services and asset operations, equipment rental and sales, business support services, and other services.
  • Chicago Bridge Iron: The shares are trading at $29.88, down $0.95, or 3.08%, on the day.  The shares have traded in a 52-week range of $23.41 to $45.12 and its market capitalization is $2.95 billion. About the company: Chicago Bridge & Iron Company NV engineers and designs, fabricates, erects, and repairs steel plate structure and their associated systems.  The Company builds and repairs bulk liquid terminals, storage tanks, process vessels, and low temperature and cryogenic storage facilities.
  • McDermott International: The shares are trading at $11.90, down $0.41, or 3.33%, on the day.  The shares have traded in a 52-week range of $10.87 to $26.14 and its market capitalization is  McDermott International, Inc, is a worldwide energy services company.  The Company and its subsidiaries provide engineering, fabrication, installation, procurement, research, manufacturing, environmental systems, project management, and facility management services to a variety of customers in the energy and power industries, including the US Department of Energy.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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