Caterpillar (NYSE:CAT) was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating in a note issued to investors on Thursday. They presently have a $137.72 price objective on the industrial products company’s stock. Vetr‘s price target indicates a potential downside of 3.62% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the stock. UBS set a $155.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a research note on Tuesday. Tigress Financial reissued a “buy” rating on shares of Caterpillar in a research note on Monday, October 30th. BMO Capital Markets boosted their price objective on shares of Caterpillar from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Argus boosted their price objective on shares of Caterpillar from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Citigroup boosted their price objective on shares of Caterpillar from $133.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Caterpillar has an average rating of “Hold” and an average target price of $136.41.
Caterpillar (CAT) traded up $2.55 during mid-day trading on Thursday, reaching $142.89. 2,967,892 shares of the company traded hands, compared to its average volume of 4,379,366. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. The stock has a market cap of $84,750.00, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.29. Caterpillar has a 1 year low of $90.34 and a 1 year high of $145.19.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. Caterpillar’s revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. research analysts anticipate that Caterpillar will post 6.4 EPS for the current year.
In related news, insider Thomas A. Pellette sold 24,547 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $135.69, for a total value of $3,330,782.43. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Lange Bob De sold 1,572 shares of the business’s 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 completion of the sale, the insider now owns 11,096 shares in the company, valued at $1,526,587.68. The disclosure for this sale can be found here. Insiders sold a total of 52,989 shares of company stock worth $7,235,850 over the last quarter. Insiders own 0.14% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CAT. Quadrant Capital Group LLC lifted its holdings in Caterpillar by 10.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 128 shares in the last quarter. Baker Ellis Asset Management LLC purchased a new position in Caterpillar in the 2nd quarter valued at about $104,000. Motco lifted its holdings in Caterpillar by 264.9% in the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 718 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in Caterpillar in the 1st quarter valued at about $107,000. Finally, Acrospire Investment Management LLC lifted its holdings in Caterpillar by 900.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 68.61% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Caterpillar (CAT) Stock Rating Lowered by Vetr” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/12/08/caterpillar-cat-stock-rating-lowered-by-vetr.html.
Caterpillar Company Profile
Receive News & Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.