Price Target Update on Caterpillar (NYSE:CAT)

Caterpillar (NYSE:CAT) : Average target price received by Caterpillar (NYSE:CAT) is $70.82 with an expected standard deviation of $10.62. The most aggressive target on the stock is $92, whereas the most downbeat target is $52. 11 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Argus Research upgrades the rating on Caterpillar (NYSE:CAT). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Hold. The Analysts at the ratings agency announces the price target to $92 per share. The rating by the firm was issued on April 26, 2016.

Caterpillar (NYSE:CAT): stock turned positive on Thursday. Though the stock opened at $77.66, the bulls momentum made the stock top out at $78.25 level for the day. The stock recorded a low of $77.22 and closed the trading day at $78.22, in the green by 2.34%. The total traded volume for the day was 3,600,824. The stock had closed at $76.43 in the previous days trading.

The company shares have dropped -11.87% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $88.33 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $73.46 and the 200 Day Moving Average price is recorded at $70.45. On the companys insider trading activities, Halverson Bradley M, officer (Group President & CFO) of Caterpillar Inc, unloaded 574 shares at an average price of $72.58 on May 31, 2016. The total amount of the transaction was worth $41,661, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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