Caterpillar Target of Unusually Large Options Trading (CAT)
Shares of Caterpillar (NYSE:CAT) were the target of unusually large options trading on Thursday. Investors bought 13,406 call options on the stock, AR Network reports. This is an increase of approximately 116% compared to the typical daily volume of 6,213 call options.
A number of analysts have recently weighed in on CAT shares. Analysts at Deutsche Bank reiterated an “outperform” rating on shares of Caterpillar in a research note on Tuesday, May 20th. Separately, analysts at Zacks upgraded shares of Caterpillar from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 15th. They now have a $128.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of Caterpillar from $103.00 to $120.00 in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $98.18.
Caterpillar (NYSE:CAT) traded up 2.54% during mid-day trading on Thursday, hitting $106.96. The stock had a trading volume of 5,389,241 shares. Caterpillar has a one year low of $80.86 and a one year high of $108.21. The stock has a 50-day moving average of $104.3 and a 200-day moving average of $95.66. The company has a market cap of $66.768 billion and a P/E ratio of 17.73.
Caterpillar (NYSE:CAT) last released its earnings data on Thursday, April 24th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.37. The company had revenue of $13.24 billion for the quarter, compared to the consensus estimate of $13.14 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Caterpillar will post $6.23 EPS 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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