Caterpillar, Inc. (NYSE:CAT) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report issued on Monday. The brokerage presently has a $125.00 target price on the industrial products company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 17.27% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a report on Monday, April 10th. Deutsche Bank AG dropped their target price on shares of Caterpillar from $108.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 6th. Raymond James Financial, Inc. raised shares of Caterpillar to a “buy” rating and set a $55.00 target price for the company in a report on Thursday, April 27th. Vetr raised shares of Caterpillar from a “sell” rating to a “buy” rating and set a $107.75 target price for the company in a report on Monday, May 8th. Finally, Bank of America Corporation raised shares of Caterpillar from a “neutral” rating to a “buy” rating and increased their target price for the company from $105.00 to $120.00 in a report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $98.51.

Caterpillar (NYSE:CAT) opened at 106.59 on Monday. The stock’s market cap is $62.79 billion. Caterpillar has a 52 week low of $78.34 and a 52 week high of $110.00. The company has a 50 day moving average price of $106.32 and a 200 day moving average price of $99.06.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.66. Caterpillar had a negative net margin of 0.38% and a positive return on equity of 16.46%. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.27 billion. During the same period in the prior year, the company posted $0.67 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that Caterpillar will post $4.27 EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Howe & Rusling Inc. raised its position in shares of Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock worth $101,000 after buying an additional 372 shares during the period. Reilly Financial Advisors LLC raised its position in shares of Caterpillar by 92.9% in the second quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock worth $119,000 after buying an additional 535 shares during the period. Harbour Capital Advisors LLC bought a new position in shares of Caterpillar during the first quarter worth $107,000. First Personal Financial Services raised its position in shares of Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock worth $111,000 after buying an additional 750 shares during the period. Finally, Harfst & Associates Inc. bought a new position in shares of Caterpillar during the first quarter worth $111,000. Institutional investors own 70.69% of the company’s stock.

Caterpillar Company Profile

Analyst Recommendations for Caterpillar (NYSE:CAT)

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