Vetr Inc. announced Caterpillar Inc. (NYSE:CAT), bumping up its stock price target to $88.01 today
- Updated: October 5, 2016
In a report issued 10/06/2016 Vetr Inc. raised the target of Caterpillar Inc. (NYSE:CAT) to $88.01 reporting a possible downside of -0.02%.
Having a price of $89.49, Caterpillar Inc. (NYSE:CAT) traded 2.18% higher on the day. With the last close up 14.02% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. CAT has recorded a 50-day average of $83.49 and a two hundred day average of $78.43. Trade Volume was up over the average, with 5,189,453 shares of CAT changing hands over the typical 4,344,940
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Caterpillar Inc. has a 52 week low of $56.36 and a 52 week high of $89.87 with a P/E ratio of 59.61 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 research note 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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