Weekly Investment Analysts’ Ratings Changes for Caterpillar (CAT)

Caterpillar (NYSE: CAT) has recently received a number of price target changes and ratings updates:

  • 8/14/2019 – Caterpillar is now covered by analysts at Stephens. They set an “underweight” rating and a $100.00 price target on the stock.
  • 8/14/2019 – Caterpillar had its “hold” rating reaffirmed by analysts at Royal Bank of Canada.
  • 8/7/2019 – Caterpillar was downgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “neutral” rating. They now have a $130.00 price target on the stock, down previously from $156.00.
  • 8/1/2019 – Caterpillar was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 7/25/2019 – Caterpillar had its price target lowered by analysts at Morgan Stanley from $165.00 to $155.00. They now have an “overweight” rating on the stock.
  • 7/25/2019 – Caterpillar had its price target lowered by analysts at Wells Fargo & Co from $160.00 to $150.00. They now have an “outperform” rating on the stock.
  • 7/25/2019 – Caterpillar had its price target lowered by analysts at Robert W. Baird from $161.00 to $155.00. They now have an “outperform” rating on the stock.
  • 7/25/2019 – Caterpillar was downgraded by analysts at Buckingham Research from a “buy” rating to a “neutral” rating. They now have a $140.00 price target on the stock, down previously from $162.00.
  • 7/25/2019 – Caterpillar had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $156.00 price target on the stock.
  • 7/17/2019 – Caterpillar had its price target lowered by analysts at Credit Suisse Group AG from $172.00 to $164.00. They now have an “outperform” rating on the stock.
  • 6/21/2019 – Caterpillar was downgraded by analysts at Atlantic Securities from a “neutral” rating to an “underweight” rating.
  • 6/21/2019 – Caterpillar was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Shares of CAT traded down $0.18 on Thursday, reaching $115.03. The stock had a trading volume of 172,962 shares, compared to its average volume of 4,664,563. The stock has a market cap of $64.63 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 0.83 and a beta of 1.52. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.43 and a quick ratio of 1.00. The company’s 50-day moving average is $131.42. Caterpillar Inc. has a twelve month low of $112.06 and a twelve month high of $159.37.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.29). The firm had revenue of $14.43 billion during the quarter, compared to analyst estimates of $14.47 billion. Caterpillar had a return on equity of 43.35% and a net margin of 11.26%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.97 EPS. As a group, equities analysts anticipate that Caterpillar Inc. will post 11.73 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAT. Tortoise Investment Management LLC grew its holdings in Caterpillar by 3,600.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after buying an additional 180 shares during the last quarter. Paragon Capital Management LLC acquired a new stake in Caterpillar during the 1st quarter valued at $40,000. Kavar Capital Partners LLC acquired a new stake in Caterpillar during the 2nd quarter valued at $46,000. Sound Income Strategies LLC grew its holdings in Caterpillar by 23.5% during the 2nd quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock valued at $52,000 after buying an additional 72 shares during the last quarter. Finally, Exane Derivatives acquired a new stake in Caterpillar during the 2nd quarter valued at $54,000. Institutional investors and hedge funds own 66.86% of the company’s stock.

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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