Caterpillar (NYSE:CAT) “Buy” Rating Reconfirmed Today By Citigroup; The Target Price per Share is Set to $155

Caterpillar Inc. (NYSE:CAT) Logo

Investors sentiment decreased to 0.91 in Q4 2018. Its down 0.18, from 1.09 in 2018Q3. It worsened, as 93 investors sold Caterpillar Inc. shares while 434 reduced holdings. 115 funds opened positions while 365 raised stakes. 378.43 million shares or 1.17% less from 382.91 million shares in 2018Q3 were reported.

Nelson Van Denburg Campbell Wealth Mgmt Grp Incorporated Ltd Limited Liability Company has 3,717 shares for 0.11% of their portfolio. Lombard Odier Asset Mngmt (Switzerland) reported 0.03% stake. Private Advisor Gp Limited Liability Com stated it has 0.21% of its portfolio in Caterpillar Inc. (NYSE:CAT). Pinnacle Assoc Ltd accumulated 70,204 shares or 0.23% of the stock. Hilton Capital Management Limited Company reported 3,133 shares. Woodstock reported 5,938 shares. Weiss Multi reported 31,000 shares stake. Spinnaker Tru owns 28,469 shares or 0.41% of their US portfolio. Sigma Planning reported 31,593 shares. 13,909 were accumulated by Raymond James Tru Na. Riverhead Management Llc invested in 8,925 shares or 0.05% of the stock. Hightower Advsr Llc reported 283,952 shares stake. Park National Oh has invested 0.07% in Caterpillar Inc. (NYSE:CAT). First Republic Management invested 0.1% of its portfolio in Caterpillar Inc. (NYSE:CAT). River & Mercantile Asset Management Limited Liability Partnership stated it has 47,704 shares or 0.53% of all its holdings.

Since October 1, 2018, it had 1 insider purchase, and 1 insider sale for $5.28 million activity. Johnson Denise C sold 35,051 shares worth $5.40M.

Caterpillar (NYSE:CAT) Rating Reaffirmed

Investment analysts at Citigroup now has a $155 target price on Caterpillar (NYSE:CAT). Citigroup and their recent target price gives a potential upside of 16.83 % from the company’s previous stock close. The rating has been released in analysts report on 15 March.

Caterpillar Inc. (NYSE:CAT) Ratings Coverage

Among 8 analysts covering Caterpillar (NYSE:CAT), 4 have Buy rating, 2 Sell and 2 Hold. Therefore 50% are positive. Caterpillar has $183 highest and $105 lowest target. $142.88’s average target is 7.70% above currents $132.67 stock price. Caterpillar had 9 analyst reports since September 20, 2018 according to SRatingsIntel. The stock of Caterpillar Inc. (NYSE:CAT) has “Buy” rating given on Wednesday, October 24 by Citigroup. As per Wednesday, October 24, the company rating was maintained by Jefferies. The stock of Caterpillar Inc. (NYSE:CAT) earned “Outperform” rating by Credit Suisse on Wednesday, October 24. UBS downgraded Caterpillar Inc. (NYSE:CAT) on Tuesday, February 26 to “Sell” rating. Bank of America upgraded the stock to “Buy” rating in Monday, December 3 report. The company was maintained on Tuesday, March 12 by Macquarie Research. As per Thursday, September 20, the company rating was upgraded by Robert W. Baird. The firm has “Hold” rating by DZ Bank given on Thursday, October 25.

The stock decreased 0.76% or $1.02 during the last trading session, reaching $132.67. About 7.05M shares traded or 44.57% up from the average. Caterpillar Inc. (NYSE:CAT) has declined 7.91% since March 16, 2018 and is downtrending. It has underperformed by 12.28% the S&P500.

Analysts await Caterpillar Inc. (NYSE:CAT) to report earnings on April, 23. They expect $2.86 EPS, up 1.42 % or $0.04 from last year’s $2.82 per share. CAT’s profit will be $1.65B for 11.60 P/E if the $2.86 EPS becomes a reality. After $2.55 actual EPS reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts 12.16 % EPS growth.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for heavy and general construction, rental, quarry, aggregate, mining, waste, material handling, gas and oil, power generation, marine, rail, and industrial markets. The company has market cap of $76.36 billion. The Company’s Construction Industries segment offers backhoe, compact, track-type, small and medium wheel, knuckleboom, and skid steer loaders; small and medium track-type, and site prep tractors; mini, wheel, forestry, small, medium, and large track excavators; and motorgraders, pipelayers, telehandlers, cold planers, asphalt pavers, compactors, road reclaimers, and wheel and track skidders and feller bunchers. It has a 12.93 P/E ratio. The companyÂ’s Resource Industries segment provides electric rope and hydraulic shovel, landfill and soil compactor, dragline, large wheel loader, machinery component, track and rotary drill, electronics and control system, work tool, hard rock vehicle and continuous mining system, scoop and hauler, wheel tractor scraper, large track-type tractor, and wheel dozer products; longwall, highwall, and continuous miners; and mining, off-highway, and articulated trucks.

More notable recent Caterpillar Inc. (NYSE:CAT) news were published by: Benzinga.com which released: “Boeing Company (The) (NYSE:BA), Caterpillar, Inc. (NYSE:CAT) – As Trade Optimism Grows, Markets Turn Green and Boeing, Caterpillar Among Leaders – Benzinga” on February 25, 2019, also Seekingalpha.com with their article: “Generac: Multiple Drivers, But Hold For Now – Seeking Alpha” published on March 06, 2019, Seekingalpha.com published: “CAT -3.5% after double downgrade at UBS – Seeking Alpha” on February 26, 2019. More interesting news about Caterpillar Inc. (NYSE:CAT) were released by: Benzinga.com and their article: “Boeing Company (The) (NYSE:BA), Caterpillar, Inc. (NYSE:CAT) – Market Appears Hopeful On Trade Deal As Trump Meets With Chinese Negotiator – Benzinga” published on February 22, 2019 as well as Seekingalpha.com‘s news article titled: “Stock Market Recovery Is A Dead Cat Bounce – Seeking Alpha” with publication date: February 15, 2019.

Caterpillar Inc. (NYSE:CAT) Institutional Positions Chart

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