Caterpillar (CAT) : Zacks Investment Research ranks Caterpillar (CAT) as 3, which is a Hold recommendation. 2 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 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.86, which indicates as a Hold.
Caterpillar (CAT) : Currently there are 11 street experts covering Caterpillar (CAT) stock. The most bullish and bearish price target for the stock is $98 and $50 respectively for the short term. The average price target of all the analysts comes to $77.36. The estimated standard deviation from the target is $12.4.
Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of Caterpillar (NYSE:CAT). Jefferies has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $72 per share from a prior target of $69. The rating by the firm was issued on July 28, 2016.
Caterpillar (NYSE:CAT): After opening at $80.83, the stock dipped to an intraday low of $80.74 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $82.35 and the buying power remained strong till the end. The stock closed at $82.03 for the day, a gain of 1.25% for the day session. The total traded volume was 3,517,811. The stocks close on the previous trading day was $81.02.
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.