Caterpillar (CAT) : Currently there are 10 street experts covering Caterpillar (CAT) stock. The most bullish and bearish price target for the stock is $92 and $52 respectively for the short term. The average price target of all the analysts comes to $74.7. The estimated standard deviation from the target is $10.74.
Caterpillar (CAT) : 13 analysts are covering Caterpillar (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 3, which recommends a Hold 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.
Also, Brokerage firm Jefferies maintains its rating on Caterpillar (NYSE:CAT). As per the latest information, the brokerage house raises the price target to $72 per share from a prior target of $69. The shares have been rated Hold. The rating by the firm was issued on July 28, 2016.
Caterpillar (NYSE:CAT): The stock opened at $81.59 on Thursday but the bulls could not build on the opening and the stock topped out at $82.00 for the day. The stock traded down to $80.57 during the day, due to lack of any buying support eventually closed down at $81.45 with a loss of -0.61% for the day. The stock had closed at $81.95 on the previous day. The total traded volume was 4,102,195 shares.
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.