Caterpillar (NYSE:CAT) received a $185.00 price target from investment analysts at UBS Group in a research report issued to clients and investors on Wednesday, www.tipranks.com reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. UBS Group’s price target indicates a potential upside of 33.83% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a report on Tuesday, July 17th. Goldman Sachs Group downgraded shares of Caterpillar from a “conviction-buy” rating to a “buy” rating in a report on Monday, July 16th. Morgan Stanley increased their price target on shares of Caterpillar from $185.00 to $187.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Argus lowered their price target on shares of Caterpillar from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, August 13th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Caterpillar in a report on Friday, August 17th. Eleven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Caterpillar has an average rating of “Buy” and an average price target of $172.22.

Shares of Caterpillar stock opened at $138.24 on Wednesday. The stock has a market cap of $82.52 billion, a PE ratio of 20.09, a PEG ratio of 0.91 and a beta of 1.38. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.59. Caterpillar has a twelve month low of $116.50 and a twelve month high of $173.24.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Monday, July 30th. The industrial products company reported $2.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.73 by $0.24. Caterpillar had a return on equity of 40.60% and a net margin of 6.12%. The firm had revenue of $14.01 billion during the quarter, compared to analyst estimates of $14.09 billion. During the same quarter last year, the business posted $1.49 earnings per share. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. analysts anticipate that Caterpillar will post 11.54 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of CAT. HC Financial Advisors Inc. purchased a new position in shares of Caterpillar during the fourth quarter worth approximately $2,269,000. Stephens Inc. AR increased its holdings in Caterpillar by 9.1% during the first quarter. Stephens Inc. AR now owns 44,617 shares of the industrial products company’s stock valued at $6,576,000 after buying an additional 3,724 shares during the period. Bedel Financial Consulting Inc. increased its holdings in Caterpillar by 38.8% during the first quarter. Bedel Financial Consulting Inc. now owns 1,770 shares of the industrial products company’s stock valued at $261,000 after buying an additional 495 shares during the period. Meeder Asset Management Inc. increased its holdings in Caterpillar by 14,402.1% during the first quarter. Meeder Asset Management Inc. now owns 13,777 shares of the industrial products company’s stock valued at $2,030,000 after buying an additional 13,682 shares during the period. Finally, Adirondack Trust Co. increased its holdings in Caterpillar by 4.1% during the first quarter. Adirondack Trust Co. now owns 9,850 shares of the industrial products company’s stock valued at $1,421,000 after buying an additional 388 shares during the period. 67.94% of the stock is currently owned by institutional investors and hedge funds.

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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