Caterpillar (NYSE:CAT) Rating Change
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.
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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