Caterpillar Inc. (NYSE:CAT) target price raised to $112.00, issued a report today by Goldman Sachs Group Inc.
- Updated: October 16, 2016
Yesterday Caterpillar Inc. (NYSE:CAT) traded 0.80% higher at $88.22. CAT’s 50-day average is $84.36 and its two hundred day average is $79.01. With the last stock price close up 10.95% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 3,601,023 shares of CAT changing hands under the typical 4,315,230
Caterpillar Inc. (NYSE:CAT) had its target price raised to $112.00 by Goldman Sachs Group Inc. in a report released 10/11/2016. The new target price indicates a possible upside of 0.27% based on the company's last stock close price.
Previously on 10/06/2016, Vetr Inc. reported about Caterpillar Inc. (NYSE:CAT) raised the target price from $0.00 to $88.01. At the time, this indicated a possible downside of -0.02%.
See Chart Below
Caterpillar Inc. has a 52 week low of $56.36 and a 52 week high of $89.87 with a P/E ratio of 58.45 The company’s market cap is currently $0.
In addition to Goldman Sachs Group Inc. reporting its stock price target, a total of 18 analysts have released a report on Caterpillar Inc.. The 12-month price target is $67.56 with zero analysts rating the company a strong buy, one analyst rating the company a buy, 16 brokerages rating the stock a hold, 5 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.