Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
Caterpillar (NYSE:CAT - Get Rating) had its price target decreased by research analysts at Wells Fargo & Company from $230.00 to $205.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an "equal weight" rating on the industrial products company's stock. Wells Fargo & Company's price objective points to a potential upside of 10.88% from the company's previous close.
Several other equities research analysts have also weighed in on the stock. Cowen cut their target price on shares of Caterpillar from $255.00 to $225.00 and set an "outperform" rating on the stock in a report on Thursday, July 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Caterpillar from $240.00 to $227.00 and set a "buy" rating for the company in a research report on Wednesday, July 13th. JPMorgan Chase & Co. lowered their price objective on shares of Caterpillar from $250.00 to $205.00 and set an "overweight" rating for the company in a research report on Tuesday, July 12th. Citigroup lowered their price objective on shares of Caterpillar from $225.00 to $190.00 in a research report on Thursday, July 7th. Finally, Morgan Stanley lowered their price objective on shares of Caterpillar from $161.00 to $142.00 and set an "underweight" rating for the company in a research report on Monday, July 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $225.27.Caterpillar Trading Up 1.1 %
CAT traded up $2.01 during mid-day trading on Wednesday, hitting $184.88. The stock had a trading volume of 80,869 shares, compared to its average volume of 2,940,968. The stock's fifty day simple moving average is $192.90 and its 200-day simple moving average is $204.54. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.45 and a quick ratio of 0.93. The firm has a market capitalization of $98.61 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.21 and a beta of 1.01. Caterpillar has a 1-year low of $167.08 and a 1-year high of $237.90.
Caterpillar (NYSE:CAT - Get Rating) last posted its earnings results on Tuesday, August 2nd. The industrial products company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.17. The company had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.39 billion. Caterpillar had a net margin of 12.50% and a return on equity of 37.29%. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $2.60 earnings per share. As a group, research analysts forecast that Caterpillar will post 12.6 EPS for the current fiscal year. Insider Activity
In other news, insider Joseph E. Creed sold 2,757 shares of Caterpillar stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $214.13, for a total value of $590,356.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.27% of the company's stock. Institutional Trading of Caterpillar
A number of hedge funds have recently modified their holdings of CAT. CWM LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth about $3,037,000. Qube Research & Technologies Ltd lifted its stake in shares of Caterpillar by 5.4% during the 4th quarter. Qube Research & Technologies Ltd now owns 28,422 shares of the industrial products company's stock worth $5,876,000 after buying an additional 1,453 shares during the last quarter. AGF Investments Inc. raised its stake in Caterpillar by 54.7% in the 4th quarter. AGF Investments Inc. now owns 8,456 shares of the industrial products company's stock worth $1,748,000 after purchasing an additional 2,991 shares in the last quarter. AGF Investments LLC acquired a new stake in Caterpillar in the 4th quarter worth about $138,000. Finally, TFG Advisers LLC raised its stake in Caterpillar by 4.6% in the 4th quarter. TFG Advisers LLC now owns 1,264 shares of the industrial products company's stock worth $261,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company's stock. About Caterpillar (Get Rating)
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.Featured ArticlesGet a free copy of the StockNews.com research report on Caterpillar (CAT)Chipotle Mexican Grill Or Shake Shak? Which Is The Tastier Play Activision Blizzard Banks On A Flurry Of New Content Energy Transfer Is A Value Among High-Yield Energy InfrastructureWarner Brothers Discovery is a Powerhouse Entertainment PlayThe Institutions Are Buying Under Armor Again
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Caterpillar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Caterpillar wasn't on the list.
While Caterpillar currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
Today, Kate’s guest is Rhys Williams, chief investment officer for the Opportunistic All Cap Equity, a long-short strategy at Spouting Rock Asset Management.
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.