A report released today by Zacks Investment Research about Caterpillar Inc. (NYSE:CAT) ups the target price to $92.00
- Updated: September 27, 2016
Having a price of $82.21, Caterpillar Inc. (NYSE:CAT) traded 0.18% higher on the day. With the last stock price up 6.09% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. CAT has recorded a 50-day average of $82.71 and a two hundred day average of $77.78. Trade Volume was down over the average, with 1,855,616 shares of CAT changing hands under the typical 4,181,320
In a report issued 09/27/2016 Zacks Investment Research upped the price target of Caterpillar Inc. (NYSE:CAT) to $92.00 reporting a potential upside of 0.12%.
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Caterpillar Inc. has a 52 week low of $56.36 and a 52 week high of $84.73 with a P/E ratio of 55.01 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 18 analysts have released a report on the stock. The consensus target price is $67.56 with zero equity analysts rating the company a strong buy, 1 firm rating the company a buy, sixteen equity analysts rating the company a hold, 5 brokerages rating the stock a underperform, and finally 0 brokers rating the company a sell.
Brief Synopsis About Caterpillar Inc. (NYSE:CAT)
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 its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment. Its Construction Industries segment provides machinery for infrastructure and building construction applications. Its Resource Industries segment offers machinery for mine and quarry applications. Its Energy & Transportation segment offers reciprocating engines, generator sets, gas turbines and turbine-related services, diesel-electric locomotives and other rail-related products and services. Its Financial Products segment conducts its business through Caterpillar Financial Services Corporation (Cat Financial). Cat Financial provides retail and wholesale financing alternatives for Caterpillar products.
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