Brokerage Firm Rating Update on Caterpillar (CAT)

Caterpillar (CAT) : Zacks Investment Research ranks Caterpillar (CAT) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 3, which indicates as a Hold.

Caterpillar (CAT) stock is expected to deviate a maximum of $10.74 from the average target price of $74.7 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $92 and the most muted being $52.


Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Jefferies maintains its rating on Caterpillar (NYSE:CAT). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Jefferies raises the price target from $69 per share to $72 per share. The rating by the firm was issued on July 28, 2016.

Caterpillar (NYSE:CAT): The stock opened at $82.5 and touched an intraday high of $83.73 on Wednesday. During the day, the stock corrected to an intraday low of $82.41, however, the bulls stepped in and pushed the price higher to close in the green at $83.72 with a gain of 2.00% for the day. The total traded volume for the day was 3,996,655. The stock had closed at $82.08 in the previous trading session.

Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. The Company also provides financing and related services through its Financial Products segment. It offers its products under the brand names Caterpillar, CAT, design versions of CAT and Caterpillar, Electro-Motive, FG Wilson, MaK, MWM, Perkins, Progress Rail, SEM and Solar Turbines. It operates parts distribution centers at various locations, including Morton, Illinois; Arvin, California; Denver, Colorado; Miami, Florida; Atlanta, Georgia; St. Paul, Minnesota, and Dubai, United Arab Emirates, among others. Its subsidiaries include Caterpillar Life Insurance Company, Cat Financial and Caterpillar Product Services Corporation (CPSC), among others.

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