A statement released earlier today by Vetr Inc. about Caterpillar Inc. (NYSE:CAT) raises the target price to $84.86
- Updated: November 30, 2016
Yesterday Caterpillar Inc. (NYSE:CAT) traded 1.62% higher at $94.04. The company’s 50-day moving average is $88.74 and its 200-day moving average is $82.01. The last closing price is up 16.53% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 4,641,863 shares of the stock traded hands, down from an average trading volume of 5,169,990
In a report released on 11/30/2016 Vetr Inc. increased the stock price target of Caterpillar Inc. (NYSE:CAT) to $84.86 indicating a possible downside of -0.10%.
Previously on 11/24/2016, Vetr Inc. reported on Caterpillar Inc. (NYSE:CAT) increased the target price from $0.00 to $84.86. At the time, this indicated a possible downside of -0.12%.
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Caterpillar Inc. has a 52 week low of $56.36 and a 52 week high of $96.44 with a P/E ratio of 92.96 The company’s market cap is currently $0.
In addition to Vetr Inc. reporting its stock price target, a total of 18 brokers have issued a report on the company. The average stock price target is $67.56 with 0 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 16 brokers rating the stock a hold, 5 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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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