Caterpillar (CAT) – Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Caterpillar (NYSE: CAT):

  • 10/30/2017 – Caterpillar had its “buy” rating reaffirmed by analysts at Tigress Financial.
  • 10/26/2017 – Caterpillar had its price target raised by analysts at Argus from $130.00 to $155.00. They now have a “buy” rating on the stock.
  • 10/26/2017 – Caterpillar had its price target raised by analysts at BMO Capital Markets from $150.00 to $165.00. They now have an “outperform” rating on the stock.
  • 10/25/2017 – Caterpillar was given a new $155.00 price target on by analysts at UBS AG. They now have a “buy” rating on the stock.
  • 10/25/2017 – Caterpillar had its price target raised by analysts at Stifel Nicolaus from $125.00 to $145.00. They now have a “hold” rating on the stock.
  • 10/25/2017 – Caterpillar had its price target raised by analysts at Royal Bank Of Canada from $120.00 to $143.00. They now have a “sector perform” rating on the stock.
  • 10/25/2017 – Caterpillar had its price target raised by analysts at Robert W. Baird from $130.00 to $140.00. They now have a “neutral” rating on the stock.
  • 10/25/2017 – Caterpillar was given a new $152.00 price target on by analysts at Bank of America Corporation. They now have a “buy” rating on the stock.
  • 10/25/2017 – Caterpillar was given a new $149.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 10/25/2017 – Caterpillar had its price target raised by analysts at Credit Suisse Group from $146.00 to $155.00. They now have an “outperform” rating on the stock.
  • 10/25/2017 – Caterpillar had its price target raised by analysts at Citigroup Inc. from $133.00 to $145.00. They now have a “neutral” rating on the stock.
  • 10/20/2017 – Caterpillar had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $150.00 price target on the stock.
  • 10/19/2017 – Caterpillar was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $131.05 price target on the stock.
  • 10/18/2017 – Caterpillar had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $146.00 price target on the stock, up previously from $133.00.
  • 10/16/2017 – Caterpillar was given a new $150.00 price target on by analysts at Wells Fargo & Company. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/13/2017 – Caterpillar had its price target raised by analysts at Citigroup Inc. from $125.00 to $133.00. They now have a “neutral” rating on the stock.
  • 10/11/2017 – Caterpillar was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $142.00 price target on the stock. According to Zacks, “Caterpillar's August sales rose 11%, aided by improvement in Asia Pacific and construction. Sales growth has been in the positive territory since it entered the same in March, logging an average sales growth of 6.7% since then. Caterpillar guides revenue in the range of $42–$44 billion and earnings per share of $5.00 for 2017. The mid-point of the ranges reflect a year-over-year growth of 12% and 46%, respectively. Asia Pacific will continue to be catalyst, owing to increased infrastructure and residential investment in China. Leading indicators of U.S. construction signal robust conditions ahead that bodes well for Caterpillar. Efforts to reduce costs will help boost margins. Year-to-date, Caterpillar has outperformed the industry. Its estimates have gone up lately. It has a positive record of earnings surprises in the past few quarters.”
  • 10/10/2017 – Caterpillar was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $124.44 price target on the stock.
  • 10/9/2017 – Caterpillar had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $121.00 price target on the stock, up previously from $120.00.
  • 10/9/2017 – Caterpillar had its price target raised by analysts at Goldman Sachs Group, Inc. (The) from $143.00 to $158.00. They now have a “buy” rating on the stock.
  • 10/9/2017 – Caterpillar was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $122.98 price target on the stock.
  • 10/2/2017 – Caterpillar was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/26/2017 – Caterpillar was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Caterpillar's August sales rose 11%, driven by improvement in Asia Pacific and construction. Caterpillar was awarded a five year $663.6 million fixed-price contract from the Pentagon to supply commercial construction equipment. Backed by improved order activity, Caterpillar guides revenue in the range of $42–$44 billion and earnings per share of $5.00 for 2017. The mid-point of the ranges reflect a year-over-year growth of 12% and 46%, respectively. Leading indicators of U.S. construction signal robust conditions ahead that bodes well for Caterpillar. Efforts to reduce costs will help boost margins. Year-to-date, Caterpillar has outperformed the industry. Its estimates have also gone up lately. However, substantial restructuring costs, geopolitical and market uncertainty along with volatility in commodity prices remain headwinds for Caterpillar.”
  • 9/22/2017 – Caterpillar had its “hold” rating reaffirmed by analysts at Credit Suisse Group. They now have a $133.00 price target on the stock.
  • 9/18/2017 – Caterpillar was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating. They now have a $140.00 price target on the stock, up previously from $116.00.
  • 9/18/2017 – Caterpillar had its “buy” rating reaffirmed by analysts at Tigress Financial.
  • 9/14/2017 – Caterpillar had its price target raised by analysts at BMO Capital Markets from $130.00 to $150.00. They now have an “outperform” rating on the stock.
  • 9/11/2017 – Caterpillar was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $122.53 price target on the stock.
  • 9/8/2017 – Caterpillar had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $130.00 price target on the stock.
  • 9/6/2017 – Caterpillar is now covered by analysts at Seaport Global Securities. They set a “neutral” rating and a $120.00 price target on the stock.
  • 9/4/2017 – Caterpillar was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $122.53 price target on the stock.

Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The firm had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.30%. The ex-dividend date is Friday, October 20th. Caterpillar’s payout ratio is 216.67%.

In other news, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $137.58, for a total value of $216,275.76. Following the sale, the insider now directly owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Suzette M. Long sold 13,859 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the sale, the insider now directly owns 18,188 shares in the company, valued at $2,078,888.40. The disclosure for this sale can be found here. Insiders have sold 19,244 shares of company stock worth $2,323,084 over the last three months. Company insiders own 0.14% of the company’s stock.

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