Analysts rated Caterpillar Inc. (CAT) as Buy

Marcus Newton
October 25, 2017

Construction equipment revenue rose 37 percent to $4.85 billion, followed by energy and transportation equipment rising 12 percent to $3.96 billion.

A number of research analysts have recently weighed in on CAT shares. Stocks with a beta lower than the market are considered to be less risky than the market while those with a higher beta may be more risky than the market. Tigress Financial upgraded the shares of CAT in report on Monday, July 31 to "Buy" rating. Goldman Sachs Group, Inc. Credit Suisse Group AG set a $90.00 target price on Caterpillar and gave the company a "buy" rating in a report on Wednesday, September 28th. Caterpillar has a consensus rating of "Hold" and an average target price of $80.78. They issued a "buy" rating and a $72.56 target price on the stock.

Shares of Caterpillar (NYSE:CAT) traded up 6.14% during trading on Friday, reaching $139.77. While the stock price moved along with the volume change, shares are touching $137.80.

The stock is trading at $139.24 which is significantly above the 50 day moving average which is $125.16 and quite a bit higher than the 200 day moving average of $111.17.

Caterpillar Inc. (NYSE:CAT) stock was on the rise Monday following the release of its earnings report for the third quarter of 2017.

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Excluding one-time items, third-quarter profit was $1.95 a share, more than the $1.25 average of 17 analysts' estimates compiled by Bloomberg.

Total revenue rose to $11.41 billion, ahead of market estimates of $10.65 billion. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. Caterpillar Inc. had 83 analyst reports since July 27, 2015 according to SRatingsIntel. Analysts expect next quarter's EPS to be $1.27 with next year's EPS projected to be $6.69. The No.1 USA automaker reported stronger-than-expected earnings, reaffirmed its full-year earnings forecast and promised to slash stocks of unsold vehicles. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & worldwide copyright laws.

Caterpillar Inc. (NYSE:CAT) received a Buy rating from 3 analysts. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 201,471 shares of company stock worth $22,979,332. The stock rose to an all-time high Monday, closing up 0.2% to 131.68, buoyed by the broad strengthening in global economic growth.

Institutional investors and hedge funds have recently bought and sold shares of the company. Caterpillar makes up approximately 1.3% of Bruderman Asset Management LLC's holdings, making the stock its 23rd largest position. Motco now owns 989 shares of the industrial products company's stock valued at $106,000 after acquiring an additional 718 shares in the last quarter.

The company now has an insider ownership of 0.16 Percent and Institutional ownership of 71.1 Percent. The correct version of this piece of content can be accessed at http://www.financial-market-news.com/sheaff-brock-investment-advisors-llc-sells-71-shares-of-caterpillar-inc-cat/1237549/.

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