Caterpillar – Caterpillar (NYSE:CAT) price Target Increased to $252.00 by Analysts at UBS Group
Caterpillar (NYSE:CAT) had its target price boosted by analysts at UBS Group from $230.00 to $252.00 in a report issued on Wednesday, The Fly reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. UBS Group’s target price suggests a potential upside of 5.31% from the stock’s current price.
A number of other equities analysts have also weighed in on the company. Jefferies Financial Group increased their target price on Caterpillar from $160.00 to $200.00 and gave the stock a “hold” rating in a research note on Friday, January 15th. Wolfe Research initiated coverage on Caterpillar in a research report on Monday, April 19th. They set an “outperform” rating and a $265.00 price target on the stock. Daiwa Capital Markets downgraded Caterpillar from an “outperform” rating to a “neutral” rating in a report on Friday, March 5th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on Caterpillar from $205.00 to $245.00 in a report on Tuesday, March 16th. Finally, BMO Capital Markets raised their price objective on Caterpillar from $190.00 to $230.00 and gave the company a “market perform” rating in a report on Thursday, May 6th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $211.79.
CAT opened at $239.30 on Wednesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.08 and a current ratio of 1.54. The business’s 50-day simple moving average is $231.32 and its 200 day simple moving average is $199.69. The firm has a market capitalization of $131.09 billion, a PE ratio of 39.82, a PEG ratio of 2.14 and a beta of 0.97. Caterpillar has a 52-week low of $100.22 and a 52-week high of $245.78.
Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, April 29th. The industrial products company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.94. The firm had revenue of $11.89 billion for the quarter, compared to analyst estimates of $11 billion. Caterpillar had a return on equity of 25.24% and a net margin of 7.60%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.60 earnings per share. On average, research analysts forecast that Caterpillar will post 5.44 earnings per share for the current year.
In other news, insider Denise C. Johnson sold 80,695 shares of Caterpillar stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $219.82, for a total value of $17,738,374.90. Following the completion of the transaction, the insider now directly owns 38,945 shares of the company’s stock, valued at approximately $8,560,889.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David Maclennan acquired 420 shares of the stock in a transaction dated Wednesday, May 5th. The stock was acquired at an average cost of $237.86 per share, with a total value of $99,901.20. Following the completion of the transaction, the director now owns 890 shares in the company, valued at approximately $211,695.40. The disclosure for this purchase can be found here. Over the last three months, insiders sold 145,062 shares of company stock valued at $31,884,447. Corporate insiders own 0.31% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of CAT. Chesley Taft & Associates LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at about $206,000. Bremer Bank National Association grew its stake in shares of Caterpillar by 5.5% in the 4th quarter. Bremer Bank National Association now owns 1,676 shares of the industrial products company’s stock valued at $305,000 after buying an additional 88 shares during the period. MADDEN SECURITIES Corp acquired a new stake in shares of Caterpillar in the 4th quarter valued at about $214,000. Central Bank & Trust Co. grew its stake in shares of Caterpillar by 1,093.7% in the 4th quarter. Central Bank & Trust Co. now owns 1,134 shares of the industrial products company’s stock valued at $206,000 after buying an additional 1,039 shares during the period. Finally, First Hawaiian Bank grew its stake in shares of Caterpillar by 24.8% in the 4th quarter. First Hawaiian Bank now owns 6,342 shares of the industrial products company’s stock valued at $1,155,000 after buying an additional 1,261 shares during the period. Institutional investors own 67.48% of the company’s stock.
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
Read More: Why are percentage gainers important?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: What is Net Asset Value (NAV)?
7 Penny Stocks That Don’t Care About Robinhood
By the time you read this Vladimir Tenev, the CEO of the trading app Robinhood, will be testifying in front of Congress. The company’s role in the GameStop (((NYSE:GM)E)) short squeeze will be called into question.
However, the real issue at stake is the right of traders to buy and sell the equities of their choice. In the case of Robinhood, some traders are buying a lot of penny stocks. While definitions vary, penny stocks are generally considered stocks that are trading for less than $10 per share. These stocks are largely ignored by the investment community.
One reason is that many of these stocks are cheap for a reason. For example, the company may have a business model that is out of date. In other cases, they operate in a very small, niche market that doesn’t drive a lot of revenue.
And most of these stocks are ignored by the investment community. They simply aren’t considered significant enough to spend time debating.
But some penny stocks do have the attention of Wall Street. And they’re being largely ignored by the day trading community. The focus of this special presentation is to direct you to penny stocks that have a story that the “smart money” thinks will eventually be trading at much higher prices.
And that’s why you should be looking at them now.
View the “7 Penny Stocks That Don’t Care About Robinhood”.