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.

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

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