Caterpillar Stock Rating Reaffirmed by TheStreet (CAT)
Caterpillar (NYSE:CAT)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Monday, Stock Ratings News reports.
The analysts wrote, “Caterpillar (CAT) has been reiterated by TheStreet Ratings as a buy with a ratings score of B+. The company’s strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels, good cash flow from operations, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods downgraded shares of Caterpillar from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, January 29th. They now have a $25.00 price target on the stock, up previously from $23.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Caterpillar in a research note to investors on Tuesday, January 28th. They now have a $96.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Caterpillar from $89.00 to $94.00 in a research note to investors on Tuesday, January 28th. Sixteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $90.55.
Caterpillar (NYSE:CAT) opened at 93.75 on Monday. Caterpillar has a one year low of $79.49 and a one year high of $99.10. The stock has a 50-day moving average of $89.96 and a 200-day moving average of $85.84. The company has a market cap of $59.719 billion and a P/E ratio of 16.33.
Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Monday, January 27th. The company reported $1.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.28 by $0.26. The company had revenue of $13.61 billion for the quarter, compared to the consensus estimate of $13.64 billion. During the same quarter in the prior year, the company posted $1.91 earnings per share. The company’s quarterly revenue was down 10.4% on a year-over-year basis. On average, analysts predict that Caterpillar will post $5.82 earnings per share for the current fiscal year.
Caterpillar Inc (NYSE:CAT) is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
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