Caterpillar (NYSE:CAT) has been upgraded from Neutral to Buy in a report by Goldman Sachs earlier today.
- Updated: October 11, 2016
Just yesterday Caterpillar (NYSE:CAT) traded 0.79% higher at $88.22. Caterpillar’s 50-day average is $83.90 and its two hundred day average is $78.74. The last stock price close is up 12.92% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was down over the average, with 1,783,024 shares of CAT changing hands under the typical 4,329,980
Goldman Sachs has upgraded Caterpillar (NYSE:CAT) from Neutral to Buy in a statement released on 10/11/2016.
On 10/06/2016, Vetr Inc. reported on Caterpillar (NYSE:CAT) bumped up the target price from $0.00 to $88.01 that indicated a possible downside of -0.02%.
Caterpillar has a 52 week low of $56.36 and a 52 week high of $89.87 with a P/E ratio of 59.28 The company’s market cap is currently $0.
A total of 18 analysts have released a report on Caterpillar. zero analysts rating the company 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 with a average stock price target of $67.56.
Brief Synopsis On Caterpillar (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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