OTR Global Downgrades Caterpillar to Mixed

Brokerage firm OTR Global Downgrades its rating on Caterpillar(NYSE:CAT). The shares have been rated Mixed. Previously, the analysts had a Positive rating on the shares. The rating by OTR Global was issued on Sep 19, 2016.

In a different note, On Jul 28, 2016, Jefferies said it Maintains its rating on Caterpillar. In the research note, the firm Raises the price-target to $69.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 27, 2016, Citigroup said it Maintains its rating on Caterpillar. In the research note, the firm Raises the price-target to $75.00 per share. The shares have been rated ‘Neutral’ by the firm.

Caterpillar (CAT) made into the market gainers list on Thursdays trading session with the shares advancing 0.04% or 0.03 points. Due to strong positive momentum, the stock ended at $83.5, which is also near the day’s high of $84.45. The stock began the session at $83.97 and the volume stood at 39,25,245 shares. The 52-week high of the shares is $84.73 and the 52 week low is $56.36. The company has a current market capitalization of $48,783 M and it has 58,42,31,180 shares in outstanding.

Caterpillar(CAT) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $10.34B. Analysts had an estimated revenue of $10.06B. Earnings per share were $1.09. Analysts had estimated an EPS of $0.97.

Several Insider Transactions has been reported to the SEC. On Aug 2, 2016, Jananne A. Copeland (Chief Accounting Officer) sold 706 shares at $82.95 per share price.Also, On Aug 2, 2016, Dennis A Muilenburg (director) purchased 1,930 shares at $82.75 per share price.On Aug 1, 2016, Bradley M Halverson (Group President & CFO) sold 2,841 shares at $82.73 per share price, according to the Form-4 filing with the securities and exchange commission.

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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