Breaking Finance News

Zacks Investment Research downgraded Caterpillar Inc. (NYSE:CAT) to Hold in a report released today.

Just yesterday Caterpillar Inc. (NYSE:CAT) traded -0.87% lower at $87.20. Caterpillar Inc.’s 50-day moving average is $83.25 and its 200-day moving average is $78.26. The last stock price is up 11.82% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 4,743,063 shares of CAT traded, up from an avg. volume of 4,332,200

Zacks Investment Research has downgraded Caterpillar Inc. (NYSE:CAT) to Hold in a report released on 10/4/2016.

Previously on 09/27/2016, Zacks Investment Research released a statement about Caterpillar Inc. (NYSE:CAT) increased the target price from $0.00 to $92.00. At the time, this indicated a possible upside of 0.12%.

Recent Performance Chart

Caterpillar Inc. (NYSE:CAT)

Caterpillar Inc. has 52 week low of $56.36 and a 52 week high of $89.19 with a P/E ratio of 58.34 and has a market cap of $0.

A total of 18 equity analysts have released a research note on CAT. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, sixteen equity analysts rating the company a hold, five equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $67.56.

Brief Synopsis 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.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *