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Caterpillar Inc. (NYSE:CAT) target price raised to $98.00, issued a report today by Zacks Investment Research

Having a price of $87.47, Caterpillar Inc. (NYSE:CAT) traded 0.80% higher on the day. With the last close up 10.95% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $84.36 and a 200-day moving average of $79.01. 3,601,023 shares of the stock were exchanged, down from an average trading volume of 4,315,230

Caterpillar Inc. (NYSE:CAT) had its stock price target increased to $98.00 by Zacks Investment Research in a report released 10/13/2016. The new target price implies a potential upside of 0.12% from the company's most recent close.

On 10/12/2016, Vetr Inc. released a statement on Caterpillar Inc. (NYSE:CAT) upped the target price from $0.00 to $96.01 that suggested an upside of 0.10%.

See Chart Below

Caterpillar Inc. (NYSE:CAT)

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 Zacks Investment Research reporting its target price, a total of 18 firms have reported on the stock. The consensus target price is $67.56 with 0 firms rating the stock a strong buy, 1 firm rating the stock a buy, 16 firms rating the stock a hold, 5 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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