UBS Group Reiterates “$180.00” Price Target for Caterpillar (CAT)

UBS Group set a $180.00 price objective on Caterpillar (NYSE:CAT) in a research note issued to investors on Friday, thefly.com reports. The brokerage currently has a buy rating on the industrial products company’s stock. The analysts noted that the move was a valuation call.

Several other research analysts also recently commented on the company. Vetr downgraded Caterpillar from a sell rating to a strong sell rating and set a $141.37 target price on the stock. in a report on Thursday. BMO Capital Markets reissued a buy rating and issued a $195.00 target price (up from $165.00) on shares of Caterpillar in a report on Thursday. ValuEngine raised Caterpillar from a hold rating to a buy rating in a report on Sunday, December 31st. Citigroup upped their price objective on Caterpillar from $145.00 to $160.00 and gave the stock a neutral rating in a report on Thursday, December 21st. Finally, OTR Global downgraded Caterpillar to a positive rating in a report on Monday, December 18th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $145.87.

Shares of Caterpillar (NYSE:CAT) traded up $4.27 on Friday, hitting $166.23. The stock had a trading volume of 4,936,524 shares, compared to its average volume of 4,516,325. The firm has a market cap of $98,960.00, a P/E ratio of 115.44, a P/E/G ratio of 2.01 and a beta of 1.29. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. Caterpillar has a fifty-two week low of $90.34 and a fifty-two week high of $162.05.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. Caterpillar’s revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. sell-side analysts anticipate that Caterpillar will post 6.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio is currently 216.67%.

In related news, insider Bradley M. Halverson sold 2,600 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $137.67, for a total value of $357,942.00. Following the completion of the sale, the insider now owns 5,214 shares in the company, valued at approximately $717,811.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas A. Pellette sold 24,547 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,989 shares of company stock valued at $7,235,850. 0.14% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Beach Investment Management LLC. acquired a new position in Caterpillar in the 2nd quarter worth $231,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Caterpillar by 9.8% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,071 shares of the industrial products company’s stock worth $5,995,000 after purchasing an additional 4,291 shares during the period. Wealthsource Partners LLC acquired a new position in Caterpillar in the 2nd quarter worth $316,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Caterpillar by 18.5% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,100 shares of the industrial products company’s stock worth $18,979,000 after purchasing an additional 23,749 shares during the period. Finally, FMR LLC boosted its stake in Caterpillar by 11.7% in the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after purchasing an additional 2,052,300 shares during the period. Institutional investors and hedge funds own 68.54% of the company’s stock.

WARNING: This piece was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.com-unik.info/2018/01/08/ubs-group-reiterates-180-00-price-target-for-caterpillar-cat.html.

About Caterpillar

Analyst Recommendations for Caterpillar (NYSE:CAT)

What are top analysts saying about Caterpillar? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Caterpillar and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit