Research Analysts’ Weekly Ratings Changes for Caterpillar (CAT)

A number of research firms have changed their ratings and price targets for Caterpillar (NYSE: CAT):

  • 1/15/2018 – Caterpillar was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $151.72 price target on the stock.
  • 1/12/2018 – Caterpillar had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $189.00 price target on the stock, up previously from $158.00.
  • 1/8/2018 – Caterpillar was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $200.00 price target on the stock, up previously from $161.96.
  • 1/5/2018 – Caterpillar was given a new $180.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/4/2018 – Caterpillar was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $141.37 price target on the stock.
  • 1/4/2018 – Caterpillar had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $195.00 price target on the stock, up previously from $165.00.
  • 12/31/2017 – Caterpillar was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 12/28/2017 – Caterpillar was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $141.73 price target on the stock.
  • 12/27/2017 – Caterpillar was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $139.26 price target on the stock.
  • 12/21/2017 – Caterpillar had its price target raised by analysts at Citigroup Inc from $145.00 to $160.00. They now have a “neutral” rating on the stock.
  • 12/18/2017 – Caterpillar was downgraded by analysts at OTR Global to a “positive” rating.
  • 12/12/2017 – Caterpillar is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $162.00 price target on the stock.
  • 12/7/2017 – Caterpillar was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $137.72 price target on the stock.
  • 12/5/2017 – Caterpillar was given a new $155.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.

Caterpillar Inc. (NYSE:CAT) traded down $0.99 during trading hours on Wednesday, reaching $169.31. 8,529,700 shares of the company were exchanged, compared to its average volume of 5,085,260. Caterpillar Inc. has a 12 month low of $90.34 and a 12 month high of $173.24. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. The stock has a market capitalization of $100,250.00, a PE ratio of 117.58, a price-to-earnings-growth ratio of 2.10 and a beta of 1.29.

Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion during 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 for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. equities analysts anticipate that Caterpillar Inc. will post 6.46 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.84%. Caterpillar’s dividend payout ratio is currently 216.67%.

In other Caterpillar news, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bradley M. Halverson sold 2,600 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $137.67, for a total transaction of $357,942.00. Following the completion of the transaction, the insider now directly owns 5,214 shares of the company’s stock, valued at approximately $717,811.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,989 shares of company stock valued at $7,235,850. Corporate insiders own 0.14% of the company’s stock.

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 segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

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