Vetr Inc. announced Caterpillar Inc. (NYSE:CAT), bumping its price target to $96.01 earlier today
- Updated: October 15, 2016
Stating a potential upside of 0.10%, Vetr Inc. upped the price target of Caterpillar Inc. (NYSE:CAT) to $96.01
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 period. Caterpillar Inc. has recorded a 50-day average of $84.36 and a two hundred day average of $79.01. Volume of trade was down over the average, with 3,601,023 shares of CAT changing hands under the typical 4,315,230
With a total market value of $0, Caterpillar Inc. has price-earnings ratio of 58.45 with a 52 week low of $56.36 and a 52 week high of $89.87 .
In addition to Vetr Inc. 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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