Analysts Set Caterpillar Inc. (NYSE:CAT) PT at $186.10

Caterpillar Inc. (NYSE:CAT) has been given an average rating of “Hold” by the twenty-eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $186.10.

Several equities analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Caterpillar from $175.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 15th. Credit Suisse Group increased their price target on Caterpillar from $228.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, February 1st. Barclays increased their price target on Caterpillar from $165.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, January 15th. Robert W. Baird upped their price objective on Caterpillar to $220.00 in a research note on Wednesday, December 30th. Finally, Daiwa Capital Markets lowered Caterpillar from an “outperform” rating to a “neutral” rating in a research note on Friday, March 5th.

CAT stock traded down $2.85 during midday trading on Monday, hitting $227.56. The company’s stock had a trading volume of 32,031 shares, compared to its average volume of 3,398,930. The company has a market cap of $124.09 billion, a PE ratio of 37.88, a P/E/G ratio of 2.14 and a beta of 0.97. Caterpillar has a 12 month low of $100.22 and a 12 month high of $237.78. The company has a current ratio of 1.54, a quick ratio of 1.08 and a debt-to-equity ratio of 1.74. The firm’s 50-day moving average is $222.41 and its 200-day moving average is $186.67.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 28th. The industrial products company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.63. The firm had revenue of $11.24 billion for the quarter, compared to analysts’ expectations of $11.24 billion. Caterpillar had a return on equity of 25.24% and a net margin of 7.60%. The company’s revenue was down 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.63 EPS. Analysts expect that Caterpillar will post 5.44 earnings per share for the current year.

In related news, insider Denise C. Johnson sold 80,695 shares of the stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $219.82, for a total value of $17,738,374.90. Following the completion of the transaction, the insider now owns 38,945 shares of the company’s stock, valued at approximately $8,560,889.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Gary Michael Marvel sold 4,018 shares of the stock in a transaction dated Tuesday, February 2nd. The shares were sold at an average price of $190.76, for a total transaction of $766,473.68. In the last 90 days, insiders have sold 149,080 shares of company stock valued at $32,650,920. Company insiders own 0.31% of the company’s stock.

Several large investors have recently made changes to their positions in CAT. IronBridge Private Wealth LLC bought a new stake in Caterpillar in the fourth quarter worth about $30,000. HBC Financial Services PLLC bought a new stake in Caterpillar in the fourth quarter worth about $31,000. Flagship Private Wealth LLC bought a new stake in Caterpillar in the fourth quarter worth about $32,000. Wolff Wiese Magana LLC bought a new stake in Caterpillar in the fourth quarter worth about $33,000. Finally, Oder Investment Management LLC bought a new stake in Caterpillar in the fourth quarter worth about $34,000. 67.48% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Analyst Recommendations for Caterpillar (NYSE:CAT)

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