Caterpillar (NYSE:CAT) Rating Increased
Caterpillar (NYSE:CAT) was increased by Tigress Financial from Underperform rating to Neutral rating in analysts report issued on 16 March.
In spite of this rating upgrade NYSE:CAT is at the moment trading -0.17% lower at $93.20 as of 2:04 AM New York time. Caterpillar shares have [From2] 0% in the past 200 days, while the S&P 500 Index has risen 13.63% for the same time period.
According to data compiled by Thomson Reuters, Caterpillar (NYSE:CAT)’s Stock is covered by 18 equity analysts across the Street, with 5 analysts giving it a Sell rating, 1 a Buy rating, while 16 consider it a Hold. The 12-month consensus target price for the stock is $67.56, which reflects an downside potential of 27.51% 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 US long stock exposure. American Investment Services Inc. is another bullish investment professional who is possessing 232,566 shares of Caterpillar or 8.59% of their US long stock exposure. Further, Bill & Melinda Gates Foundation Trust have 5.42% of their US long stock exposure invested in the company for 11.26 million shares. The Indiana-based fund Kessler Investment Group Llc revealed it had purchased 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 US long stock 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 segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
Caterpillar (NYSE:CAT) traded down -0.17% on 16 March, hitting $93.2. A total of 6.43 million shares of the company’s stock traded hands. This is up from average of 5.77 million shares. Caterpillar has a 52 week low of $69.04 and a 52 week high of $99.46. The company has a market cap of $54.29 billion and a P/E ratio of 0.
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