Out of 20 analysts covering Caterpillar Inc. (NYSE:CAT), 7 rate it a “Buy”, 3 “Sell”, while 10 “Hold”. This means 35% are positive. Caterpillar Inc. has been the topic of 36 analyst reports since September 22, 2015 according to StockzIntelligence Inc. Deutsche Bank initiated the stock on September 7 with “Buy” rating. Below is a list of Caterpillar Inc. (NYSE:CAT) latest ratings and price target changes.
07/09/2016 Broker: Deutsche Bank Rating: Buy New Target: $98 Initiate
27/07/2016 Broker: Citigroup Rating: Neutral Old Target: $75.00 New Target: $82.00 Maintain
26/04/2016 Broker: Argus Research Old Rating: Hold New Rating: Buy New Target: $92.00 Upgrade
25/04/2016 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral Old Target: $62.00 New Target: $78.00 Upgrade
15/04/2016 Broker: Vertical Research Old Rating: Hold New Rating: Buy Upgrade
04/04/2016 Broker: Credit Suisse Rating: Outperform Old Target: $72.00 New Target: $87.00 Maintain
24/03/2016 Broker: OTR Global Old Rating: Mixed New Rating: Positive Upgrade
18/03/2016 Broker: Citigroup Rating: Neutral Old Target: $65.00 New Target: $75.00 Maintain
18/03/2016 Broker: Jefferies Rating: Hold Old Target: $63.00 New Target: $69.00 Maintain
About 3.85M shares traded hands or 14.24% up from the average. Caterpillar Inc. (NYSE:CAT) has risen 26.85% since February 8, 2016 and is uptrending. It has outperformed by 10.36% the S&P500.
Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company has a market cap of $47.62 billion. The Firm operates through its three product divisions: Resource Industries, Construction Industries, and Energy & Transportation. It has a 43.1 P/E ratio. It also provides financing and related services through its Financial Products segment.
The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.20, from 1.05 in 2016Q1. The ratio dropped, as 76 funds sold all Caterpillar Inc. shares owned while 363 reduced positions. 40 funds bought stakes while 331 increased positions. They now own 396.23 million shares or 3.43% less from 410.29 million shares in 2016Q1.
San Francisco Sentry Investment Group (Ca) holds 7.73% of its portfolio in Caterpillar Inc. for 165,729 shares. American Investment Services Inc. owns 174,957 shares or 5.74% of their US portfolio. Moreover, Bill & Melinda Gates Foundation Trust has 5.08% invested in the company for 11.26 million shares. The Colorado-based Stewart West Indies Trading Co. Ltd has invested 3.65% in the stock. Community Bank Of Raymore, a Missouri-based fund reported 91,225 shares.
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