Analyst Rating Update on Caterpillar (CAT)

Caterpillar (CAT) : Zacks Investment Research ranks Caterpillar (CAT) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 12 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 3, which indicates as a Hold.

Caterpillar (CAT) : The most positive equity analysts on Caterpillar (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 $73.36 with an expected fluctuation of $11.11 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Jefferies maintains its rating on Caterpillar (NYSE:CAT).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Jefferies raises the new price target from $69 per share to $72 per share. The rating by the firm was issued on July 28, 2016.


Caterpillar (NYSE:CAT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.15 and $80.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.03, notching a gain of 0.97% for the day. The total traded volume was 3,101,710 . The stock had closed at $81.24 on the previous day.

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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