Shares of Caterpillar Inc. (NYSE:CAT) have received an average recommendation of “Buy” from the thirty-one analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $169.65.

CAT has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Tuesday, July 17th. Goldman Sachs Group cut shares of Caterpillar from a “conviction-buy” rating to a “buy” rating in a research note on Monday, July 16th. UBS Group raised their target price on shares of Caterpillar from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, June 14th. Morgan Stanley raised their target price on shares of Caterpillar from $185.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Finally, Argus decreased their target price on shares of Caterpillar from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, August 13th.

Hedge funds have recently bought and sold shares of the stock. Stelac Advisory Services LLC purchased a new position in shares of Caterpillar in the first quarter valued at $129,000. Front Row Advisors LLC grew its holdings in shares of Caterpillar by 125.0% in the first quarter. Front Row Advisors LLC now owns 900 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 500 shares in the last quarter. Landaas & Co. WI ADV purchased a new position in shares of Caterpillar in the second quarter valued at $130,000. Avestar Capital LLC grew its holdings in shares of Caterpillar by 92.3% in the second quarter. Avestar Capital LLC now owns 994 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 477 shares in the last quarter. Finally, Archford Capital Strategies LLC purchased a new position in shares of Caterpillar in the first quarter valued at $165,000. 67.75% of the stock is owned by hedge funds and other institutional investors.

NYSE CAT traded down $0.41 on Friday, reaching $152.76. 156,399 shares of the stock were exchanged, compared to its average volume of 4,198,715. Caterpillar has a one year low of $123.62 and a one year high of $173.24. The stock has a market cap of $91.58 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 0.85 and a beta of 1.37. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.59.

Caterpillar (NYSE:CAT) last released its earnings results on Monday, July 30th. The industrial products company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.24. Caterpillar had a net margin of 6.12% and a return on equity of 40.60%. The company had revenue of $14.01 billion for the quarter, compared to analysts’ expectations of $14.09 billion. During the same quarter last year, the business earned $1.49 EPS. The firm’s revenue was up 23.7% compared to the same quarter last year. sell-side analysts forecast that Caterpillar will post 11.65 EPS for the current year.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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Analyst Recommendations for Caterpillar (NYSE:CAT)

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