A number of firms have modified their ratings and price targets on shares of Caterpillar (NYSE: CAT) recently:

  • 10/2/2017 – Caterpillar was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/26/2017 – Caterpillar was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Caterpillar's August sales rose 11%, driven by improvement in Asia Pacific and construction. Caterpillar was awarded a five year $663.6 million fixed-price contract from the Pentagon to supply commercial construction equipment. Backed by improved order activity, Caterpillar guides revenue in the range of $42–$44 billion and earnings per share of $5.00 for 2017. The mid-point of the ranges reflect a year-over-year growth of 12% and 46%, respectively. Leading indicators of U.S. construction signal robust conditions ahead that bodes well for Caterpillar. Efforts to reduce costs will help boost margins. Year-to-date, Caterpillar has outperformed the industry. Its estimates have also gone up lately. However, substantial restructuring costs, geopolitical and market uncertainty along with volatility in commodity prices remain headwinds for Caterpillar.”
  • 9/22/2017 – Caterpillar had its “hold” rating reaffirmed by analysts at Credit Suisse Group. They now have a $133.00 price target on the stock.
  • 9/18/2017 – Caterpillar was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating. They now have a $140.00 price target on the stock, up previously from $116.00.
  • 9/18/2017 – Caterpillar had its “buy” rating reaffirmed by analysts at Tigress Financial.
  • 9/14/2017 – Caterpillar had its price target raised by analysts at BMO Capital Markets from $130.00 to $150.00. They now have an “outperform” rating on the stock.
  • 9/11/2017 – Caterpillar was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $122.53 price target on the stock.
  • 9/8/2017 – Caterpillar had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $130.00 price target on the stock.
  • 9/6/2017 – Caterpillar is now covered by analysts at Seaport Global Securities. They set a “neutral” rating and a $120.00 price target on the stock.
  • 9/4/2017 – Caterpillar was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $122.53 price target on the stock.
  • 9/1/2017 – Caterpillar was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/29/2017 – Caterpillar had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 8/29/2017 – Caterpillar had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $100.00 price target on the stock.
  • 8/25/2017 – Caterpillar was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/22/2017 – Caterpillar was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $120.03 price target on the stock.
  • 8/17/2017 – Caterpillar was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/10/2017 – Caterpillar was upgraded by analysts at Vetr from a “strong sell” rating to a “buy” rating. They now have a $120.03 price target on the stock.

Caterpillar, Inc. (NYSE:CAT) traded up 0.96% during trading on Wednesday, hitting $126.72. 1,452,819 shares of the stock were exchanged. Caterpillar, Inc. has a 1-year low of $80.33 and a 1-year high of $127.09. The stock has a market cap of $74.89 billion, a price-to-earnings ratio of 707.93 and a beta of 1.26. The firm’s 50 day moving average price is $119.48 and its 200-day moving average price is $107.49.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.23. The company had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS. On average, analysts anticipate that Caterpillar, Inc. will post $5.25 EPS for the current year.

In related news, Director William A. Osborn sold 5,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $113.67, for a total transaction of $568,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzette M. Long sold 13,859 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the transaction, the insider now directly owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,471 shares of company stock worth $22,979,332. 0.14% of the stock is owned by company insiders.

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