UBS Analysts Give Caterpillar (CAT) a $155.00 Price Target
Caterpillar (NYSE:CAT) has been assigned a $155.00 target price by stock analysts at UBS in a research note issued to investors on Tuesday, www.tipranks.com reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. UBS’s target price suggests a potential upside of 9.54% from the stock’s previous close.
A number of other research analysts have also recently commented on the company. Vetr cut Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 target price on the stock. in a research note on Monday, September 11th. Jefferies Group reissued a “hold” rating and issued a $100.00 target price on shares of Caterpillar in a research note on Tuesday, August 29th. Royal Bank Of Canada reissued a “hold” rating on shares of Caterpillar in a research note on Tuesday, August 29th. BMO Capital Markets increased their target price on Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, September 14th. Finally, ValuEngine raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $133.92.
Caterpillar (CAT) traded down $0.02 on Tuesday, reaching $141.50. The company had a trading volume of 4,922,200 shares, compared to its average volume of 4,393,980. The company has a market capitalization of $84,195.02, a PE ratio of 25.50, a PEG ratio of 2.14 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. Caterpillar has a 1-year low of $90.34 and a 1-year high of $145.19.
In other news, insider Thomas A. Pellette sold 24,547 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lange Bob De sold 1,572 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the sale, the insider now owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,989 shares of company stock valued at $7,235,850. Company insiders own 0.14% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Baker Ellis Asset Management LLC purchased a new stake in shares of Caterpillar during the second quarter worth about $104,000. Motco boosted its holdings in shares of Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 718 shares during the period. Acrospire Investment Management LLC boosted its holdings in shares of Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 900 shares during the period. Harbour Capital Advisors LLC bought a new position in Caterpillar in the first quarter worth about $107,000. Finally, Chicago Partners Investment Group LLC raised its stake in Caterpillar by 75.6% in the second quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock worth $118,000 after buying an additional 496 shares in the last quarter. Institutional investors own 68.61% of the company’s stock.
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Caterpillar Company Profile
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