Share on StockTwits
 

Analysts at Deutsche Bank assumed coverage on shares of Caterpillar (NYSE:CAT) in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $122.00 price target on the stock. Deutsche Bank’s target price suggests a potential upside of 25.13% from the company’s current price.

Shares of Caterpillar (NYSE:CAT) opened at 97.50 on Thursday. Caterpillar has a 52 week low of $79.49 and a 52 week high of $97.67. The stock has a 50-day moving average of $92.21 and a 200-day moving average of $86.85. The company has a market cap of $62.108 billion and a price-to-earnings ratio of 16.86. Caterpillar also was the target of unusually large options trading on Friday. Investors bought 64,362 call options on the company. This is an increase of 141% compared to the average daily volume of 26,725 call options.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results 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 $5.93 earnings per share for the current fiscal year.

A number of other firms have also recently commented on CAT. Analysts at TheStreet reiterated a “buy” rating on shares of Caterpillar in a research note on Friday, February 14th. Finally, analysts at Keefe, Bruyette & Woods downgraded shares of Caterpillar from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. They now have a $25.00 price target on the stock, up previously from $23.00. Fifteen analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $92.05.

Caterpillar Inc (NYSE:CAT) is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.