Caterpillar, Inc. (NYSE:CAT) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Monday.
Several other equities analysts have also issued reports on CAT. Vetr lowered Caterpillar from a “hold” rating to a “sell” rating and set a $89.96 price target for the company. in a research report on Tuesday, March 28th. Zacks Investment Research lowered Caterpillar from a “hold” rating to a “sell” rating in a research report on Wednesday, March 29th. Goldman Sachs Group, Inc. (The) raised Caterpillar from a “buy” rating to a “conviction-buy” rating and set a $120.00 target price for the company in a research report on Tuesday, April 4th. Deutsche Bank AG decreased their target price on Caterpillar from $108.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 6th. Finally, Robert W. Baird set a $102.00 target price on Caterpillar and gave the stock a “hold” rating in a research report on Wednesday, April 12th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $97.72.
Caterpillar (CAT) opened at 106.59 on Monday. The firm’s market cap is $62.79 billion. The firm’s 50-day moving average is $106.32 and its 200 day moving average is $99.06. Caterpillar has a 12-month low of $78.34 and a 12-month high of $110.00.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.66. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.27 billion. Caterpillar had a positive return on equity of 16.46% and a negative net margin of 0.38%. Caterpillar’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. Equities analysts forecast that Caterpillar will post $4.27 earnings per share for the current year.
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Several hedge funds have recently modified their holdings of the company. S. R. Schill & Associates raised its stake in shares of Caterpillar by 0.3% in the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after buying an additional 6 shares in the last quarter. Northstar Group Inc. raised its position in Caterpillar by 0.3% in the first quarter. Northstar Group Inc. now owns 2,377 shares of the industrial products company’s stock worth $219,000 after buying an additional 8 shares during the period. Clearbridge Investments LLC raised its position in Caterpillar by 0.3% in the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after buying an additional 10 shares during the period. Toth Financial Advisory Corp raised its position in Caterpillar by 0.3% in the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after buying an additional 10 shares during the period. Finally, Tarbox Family Office Inc. raised its position in Caterpillar by 0.4% in the second quarter. Tarbox Family Office Inc. now owns 2,887 shares of the industrial products company’s stock worth $310,000 after buying an additional 12 shares during the period. 70.69% of the stock is currently owned by hedge funds and other institutional investors.
Caterpillar Company Profile
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