BMO Capital Markets Raises Caterpillar, Inc. (CAT) Price Target to $165.00

Caterpillar, Inc. (NYSE:CAT) had its price target upped by analysts at BMO Capital Markets from $150.00 to $165.00 in a report issued on Thursday, October 26th. The firm currently has an “outperform” rating on the industrial products company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 20.90% from the stock’s current price.

A number of other research analysts have also issued reports on the company. Argus boosted their price target on Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Citigroup Inc. upped their price objective on Caterpillar from $133.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Credit Suisse Group upped their price target on Caterpillar from $146.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Deutsche Bank AG set a $149.00 price target on Caterpillar and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Bank of America Corporation set a $152.00 price target on Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Caterpillar presently has a consensus rating of “Hold” and an average price target of $133.92.

Caterpillar (NYSE:CAT) opened at $136.48 on Thursday. The firm has a market capitalization of $81,196.54, a PE ratio of 24.59, a PEG ratio of 2.07 and a beta of 1.29. Caterpillar has a 52 week low of $90.34 and a 52 week high of $140.44. 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 (NYSE:CAT) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The business had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period in the previous year, the company posted $0.85 EPS. The company’s revenue was up 24.6% compared to the same quarter last year. sell-side analysts anticipate that Caterpillar will post 6.4 earnings per share for the current fiscal year.

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In other Caterpillar news, Director Daniel M. Dickinson sold 3,813 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the transaction, the director now owns 6,554 shares in the company, valued at approximately $898,487.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the sale, the insider now directly owns 11,096 shares in the company, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. S. R. Schill & Associates increased its holdings in Caterpillar by 0.3% in the 1st quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after acquiring an additional 6 shares in the last quarter. Northstar Group Inc. increased its holdings in Caterpillar by 0.3% in the 2nd quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 8 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Caterpillar by 0.3% during the 1st quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 10 shares during the last quarter. Toth Financial Advisory Corp boosted its stake in Caterpillar by 0.3% during the 2nd quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 10 shares during the last quarter. Finally, Ironwood Investment Counsel LLC boosted its stake in Caterpillar by 0.3% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock worth $368,000 after purchasing an additional 10 shares during the last quarter. 69.38% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Company Profile

Analyst Recommendations for Caterpillar (NYSE:CAT)

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