Short Term Price Target on Caterpillar (CAT)

Caterpillar (NYSE:CAT) : The most positive equity analysts on Caterpillar (NYSE:CAT) expects the shares to touch $92, whereas, the least positive believes that the stock will trade at $52 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $70.82 with an expected fluctuation of $10.62 from the mean.

Caterpillar Inc. has dropped 3.08% in the last five trading days, however, the shares have posted positive gains of 4.9% in the last 4 weeks. Caterpillar Inc. has dropped 0.31% during the last 3-month period . Year-to-Date the stock performance stands at 14.05%. Also, Argus Research upgrades their rating on the shares of Caterpillar (NYSE:CAT). The current rating of the shares is Buy. Earlier, the shares were rated a Hold by the brokerage firm. Equity Analysts at the Firm announces the price target to $92 per share. The rating by the firm was issued on April 26, 2016.

Caterpillar (NYSE:CAT) : 13 analysts are covering Caterpillar (NYSE:CAT) and their average rating on the stock is 3, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 11 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Caterpillar (NYSE:CAT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $74.17 and $73.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.81, notching a gain of 2.13% for the day. The total traded volume was 4,695,512 . The stock had closed at $74.23 on the previous day.

In an insider trading activity,The officer (Group President & CFO) of Caterpillar Inc, Halverson Bradley M sold 574 shares at $72.58 on May 31, 2016. The Insider selling transaction had a total value worth of $41,661. The Insider information was disclosed 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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