Caterpillar Inc. (NYSE:CAT) Receives $186.10 Consensus Price Target from Analysts

Caterpillar Inc. (NYSE:CAT) has earned an average rating of “Hold” from the twenty-eight ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $186.10.

CAT has been the topic of several recent analyst reports. OTR Global upgraded shares of Caterpillar to a “positive” rating in a report on Monday, December 14th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Caterpillar from $205.00 to $245.00 in a report on Tuesday, March 16th. BMO Capital Markets boosted their target price on shares of Caterpillar from $135.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, February 1st. Citigroup boosted their target price on shares of Caterpillar from $205.00 to $245.00 in a report on Tuesday, March 16th. Finally, Vertical Research began coverage on shares of Caterpillar in a report on Wednesday, January 20th. They issued a “buy” rating and a $230.00 price objective on the stock.

In other Caterpillar news, CAO Gary Michael Marvel sold 5,056 shares of the stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $220.97, for a total value of $1,117,224.32. Following the sale, the chief accounting officer now directly owns 5,623 shares of the company’s stock, valued at approximately $1,242,514.31. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Denise C. Johnson sold 80,695 shares of the stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $219.82, for a total transaction of $17,738,374.90. Following the completion of the sale, the insider now directly owns 38,945 shares in the company, valued at $8,560,889.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 149,080 shares of company stock worth $32,650,920. 0.31% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IronBridge Private Wealth LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at $30,000. HBC Financial Services PLLC purchased a new position in shares of Caterpillar in the 4th quarter valued at $31,000. Flagship Private Wealth LLC purchased a new position in Caterpillar during the 4th quarter worth $32,000. Wolff Wiese Magana LLC purchased a new position in Caterpillar during the 4th quarter worth $33,000. Finally, Oder Investment Management LLC purchased a new position in Caterpillar during the 4th quarter worth $34,000. 67.48% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CAT traded down $2.85 during trading hours on Monday, hitting $227.56. 32,031 shares of the company’s stock traded hands, compared to its average volume of 3,398,930. Caterpillar has a 52-week low of $100.22 and a 52-week high of $237.78. The company has a market capitalization of $124.09 billion, a PE ratio of 37.88, a PEG ratio of 2.14 and a beta of 0.97. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.08. The firm’s 50-day moving average is $222.41 and its 200-day moving average is $186.67.

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

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.

Read More: Hold Rating

Analyst Recommendations for Caterpillar (NYSE:CAT)

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