Share on StockTwits

Caterpillar (NYSE:CAT) has received an average recommendation of “Hold” from the twenty-five brokerages that are presently covering the company, American Banking & Market News reports. Fourteen equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $100.47.

In other Caterpillar news, Insider Edward J. Rapp sold 15,000 shares of Caterpillar stock on the open market in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $101.01, for a total value of $1,515,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Caterpillar (NYSE:CAT) opened at 105.74 on Wednesday. Caterpillar has a 1-year low of $81.46 and a 1-year high of $111.46. The stock’s 50-day moving average is $106.6 and its 200-day moving average is $102.5. The company has a market cap of $66.388 billion and a price-to-earnings ratio of 17.63. Caterpillar also was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 37,762,005 shares, a growth of 96.7% from the July 15th total of 19,199,823 shares. Based on an average daily trading volume, of 4,734,802 shares, the short-interest ratio is presently 8.0 days. Approximately 6.1% of the shares of the stock are sold short.

Caterpillar (NYSE:CAT) last released its earnings data on Thursday, July 24th. The company reported $1.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.52 by $0.17. The company had revenue of $14.15 billion for the quarter, compared to the consensus estimate of $14.46 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Analysts expect that Caterpillar will post $6.28 EPS for the current fiscal year.

CAT has been the subject of a number of recent research reports. Analysts at ISI Group upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $113.00 price target on the stock, up previously from $110.00. Separately, analysts at Tigress Financial upgraded shares of Caterpillar from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. Finally, analysts at Raymond James reiterated a “market perform” rating on shares of Caterpillar in a research note on Friday, July 25th. They now have a $110.00 price target on the stock, up previously from $105.00.

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

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.