Caterpillar (NYSE: CAT)‘s stock had its “outperform” rating restated by analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday. They currently have a $130.00 price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Caterpillar from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, February 22nd. They now have a $83.00 price target on the stock. Separately, analysts at Raymond James upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, February 22nd. They now have a $105.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Caterpillar in a research note to investors on Friday, February 8th.
Caterpillar traded up 1.26% on Tuesday, hitting $90.88. Caterpillar has a 1-year low of $78.25 and a 1-year high of $114.25. The stock’s 50-day moving average is currently $95.4. The company has a market cap of $59.531 billion and a price-to-earnings ratio of 10.58.
Caterpillar last released its earnings data on Monday, January 28th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.20. The company had revenue of $16.08 billion for the quarter, compared to the consensus estimate of $16.16 billion. During the same quarter in the previous year, the company posted $2.32 earnings per share. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. Caterpillar has set its FY13 guidance at $7.00-9.00 EPS. On average, analysts predict that Caterpillar will post $8.03 earnings per share for the current fiscal year.
Caterpillar Inc. (Caterpillar) is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
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