Caterpillar (NYSE:CAT) Rating Change

Wells Fargo gave Caterpillar (NYSE:CAT) shares a new Outperform rating in a research report sent to clients and investors on 27 January. This is increase from the last Market Perform Rating.

This stock rating upgrade is well received by stock speculators, as NYSE:CAT is currently trading 1.40% higher at $98.58 as of 2:04 AM New York time. Caterpillar shares have [From2] 0% over the past 200 days, while the S&P500 Index has surged 11.40% in the same time period.

Out of 18 analysts covering Caterpillar, 1 rate it a Buy, 16 indicate a Hold while 5 suggest a Sell. The highest target is $87 and the lowest is $33 according to Thomson/First Call. The 12-month mean target is $67.56, which means downside potential of 31.47% over the current price.

Institutional Ownership

San Francisco Sentry Investment Group (Ca) had the largest stake with ownership of 165,480 shares as of Q2 2015 for 8.69% of the equity exposure. American Investment Services Inc. is another notably bullish investment professional who is having 232,566 shares of Caterpillar or 8.59% of their equity exposure. Also, Bill & Melinda Gates Foundation Trust have 5.42% of their equity exposure invested in the company for 11.26 million shares. The Indiana-based fund Kessler Investment Group Llc revealed it had acquired so far a stake worth about 4.26% of the investment professional’s stock portfolio in Caterpillar. The Colorado-based fund Stewart West Indies Trading Co. Ltd is also positive about the stock, possessing 33,167 shares or 4.23% of their equity exposure.

Caterpillar (NYSE:CAT) Profile

Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.

Caterpillar (NYSE:CAT) traded up 1.40% on 27 January, hitting $98.58. A total of 2.26M shares of the company’s stock traded hands. This is down from average of 4.12M shares. Caterpillar has a 52 week low of $58.57 and a 52 week high of $99.46. The company has a market cap of $57.13B and a P/E ratio of 0.

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