Caterpillar (NYSE: CAT) has recently received a number of price target changes and ratings updates:

  • 9/19/2016 – Caterpillar was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $85.19 price target on the stock.
  • 9/13/2016 – Caterpillar was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $85.19 price target on the stock.
  • 9/12/2016 – Caterpillar is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $82.08 price target on the stock.
  • 9/8/2016 – Caterpillar had its “sell” rating reaffirmed by analysts at Axiom Securities. They now have a $31.00 price target on the stock.
  • 9/6/2016 – Caterpillar is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $72.56 price target on the stock.
  • 8/30/2016 – Caterpillar had its “sell” rating reaffirmed by analysts at Axiom Securities.
  • 8/23/2016 – Caterpillar had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co.. They now have a $78.50 price target on the stock.
  • 8/16/2016 – Caterpillar was given a new $82.00 price target on by analysts at Citigroup Inc.. They now have a “hold” rating on the stock.
  • 8/12/2016 – Caterpillar had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $72.00 price target on the stock.
  • 8/8/2016 – Caterpillar had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $72.00 price target on the stock.
  • 8/3/2016 – Caterpillar had its “hold” rating reaffirmed by analysts at Jefferies Group.
  • 7/29/2016 – Caterpillar was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating.
  • 7/28/2016 – Caterpillar had its price target raised by analysts at Jefferies Group from $69.00 to $72.00. They now have a “hold” rating on the stock.
  • 7/28/2016 – Caterpillar had its “hold” rating reaffirmed by analysts at Morgan Stanley. They now have a $67.00 price target on the stock.
  • 7/27/2016 – Caterpillar was given a new $73.00 price target on by analysts at RBC Capital Markets. They now have a “hold” rating on the stock.
  • 7/27/2016 – Caterpillar was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $79.15 price target on the stock.
  • 7/27/2016 – Caterpillar had its price target raised by analysts at Royal Bank Of Canada from $70.00 to $73.00. They now have a “sector perform” rating on the stock.
  • 7/27/2016 – Caterpillar had its price target raised by analysts at Citigroup Inc. from $75.00 to $82.00. They now have a “neutral” rating on the stock.

Shares of Caterpillar Inc. (NYSE:CAT) traded up 0.33% during mid-day trading on Tuesday, reaching $82.15. The company’s stock had a trading volume of 1,251,582 shares. Caterpillar Inc. has a 12-month low of $56.36 and a 12-month high of $84.73. The firm has a market cap of $47.99 billion, a P/E ratio of 54.77 and a beta of 1.64. The firm’s 50-day moving average price is $82.60 and its 200 day moving average price is $77.41.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.13. Caterpillar had a net margin of 2.64% and a return on equity of 12.37%. The business earned $10.34 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter in the prior year, the firm earned $1.27 earnings per share. The business’s quarterly revenue was down 16.0% compared to the same quarter last year. On average, analysts expect that Caterpillar Inc. will post $3.50 EPS for the current year.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/caterpillar-cat-analysts-recent-ratings-changes.html

In other Caterpillar news, Director Dennis A. Muilenburg acquired 1,930 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was acquired at an average cost of $82.75 per share, with a total value of $159,707.50. Following the purchase, the director now directly owns 9,558 shares in the company, valued at approximately $790,924.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bradley M. Halverson sold 2,841 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $82.73, for a total transaction of $235,035.93. Following the transaction, the insider now directly owns 20,232 shares of the company’s stock, valued at $1,673,793.36. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.

5 Day Chart for NYSE:CAT

Receive News & Ratings for Caterpillar Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc and related companies with MarketBeat.com's FREE daily email newsletter.