Caterpillar (CAT) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 67 from a previous price target of $65 . Barclays advised their investors in a research report released on Apr 13, 2016.
Many Wall Street Analysts have commented on Caterpillar. Company shares were Reiterated by Barclays on Apr 13, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 67 from a previous price target of $65 .Caterpillar was Downgraded by Goldman to ” Sell” on Jan 25, 2016.
On the company’s financial health, Caterpillar reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $11030.00 million for the quarter, compared to analysts expectations of $11423.56 million. The company’s revenue was down -22.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.35 EPS.
Caterpillar opened for trading at $74.61 and hit $75.779 on the upside on Monday, eventually ending the session at $74.63, with a gain of 0.38% or 0.28 points. The heightened volatility saw the trading volume jump to 39,04,792 shares. Company has a market cap of $43,459 M.
In a different news, on Jul 31, 2015, Bradley M Halverson (Group President & CFO) sold 11,867 shares at $77.11 per share price. According to the SEC, on May 12, 2015, Daniel M Dickinson (director) sold 807 shares at $87.10 per share price.
Caterpillar Inc. is a manufacturer of construction and mining equipment diesel and natural gas engines industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries Construction Industries and Energy & Transportation. The Company also provides financing and related services through its Financial Products segment. It offers its products under the brand names Caterpillar CAT design versions of CAT and Caterpillar Electro-Motive FG Wilson MaK MWM Perkins Progress Rail SEM and Solar Turbines. It operates parts distribution centers at various locations including Morton Illinois; Arvin California; Denver Colorado; Miami Florida; Atlanta Georgia; St. Paul Minnesota and Dubai United Arab Emirates among others. Its subsidiaries include Caterpillar Life Insurance Company Cat Financial and Caterpillar Product Services Corporation (CPSC) among others.