Caterpillar (NYSE:CAT) Earns Underweight Rating from Analysts at Stephens

Stock analysts at Stephens assumed coverage on shares of Caterpillar (NYSE:CAT) in a research note issued on Wednesday, Marketbeat.com reports. The brokerage set an “underweight” rating and a $100.00 price target on the industrial products company’s stock. Stephens’ target price would suggest a potential downside of 13.23% from the company’s previous close.

A number of other analysts have also recently commented on CAT. UBS Group dropped their target price on shares of Caterpillar from $125.00 to $115.00 and set a “sell” rating on the stock in a report on Tuesday, June 4th. Atlantic Securities lowered Caterpillar from a “neutral” rating to an “underweight” rating in a research report on Friday, June 21st. Wells Fargo & Co lowered their price target on Caterpillar from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Morgan Stanley lowered their price target on Caterpillar from $165.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Goldman Sachs Group lowered Caterpillar from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $156.00 to $130.00 in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company’s stock. Caterpillar has a consensus rating of “Hold” and a consensus target price of $139.90.

Shares of CAT stock opened at $115.25 on Wednesday. Caterpillar has a 12 month low of $112.06 and a 12 month high of $159.37. The stock has a market cap of $64.63 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 0.83 and a beta of 1.52. The company has a current ratio of 1.43, a quick ratio of 1.00 and a debt-to-equity ratio of 1.66. The company’s fifty day moving average price is $131.01 and its 200-day moving average price is $132.33.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $2.83 EPS for the quarter, missing the Zacks’ consensus estimate of $3.12 by ($0.29). Caterpillar had a net margin of 11.26% and a return on equity of 43.35%. The business had revenue of $14.43 billion for the quarter, compared to the consensus estimate of $14.47 billion. During the same quarter last year, the firm posted $2.97 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts forecast that Caterpillar will post 11.73 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Sound Income Strategies LLC raised its position in Caterpillar by 23.5% in the 2nd quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock worth $52,000 after buying an additional 72 shares during the last quarter. First Merchants Corp increased its position in shares of Caterpillar by 0.4% during the 2nd quarter. First Merchants Corp now owns 20,577 shares of the industrial products company’s stock valued at $2,804,000 after purchasing an additional 75 shares during the last quarter. LexAurum Advisors LLC increased its position in shares of Caterpillar by 4.7% during the 2nd quarter. LexAurum Advisors LLC now owns 1,700 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 77 shares during the last quarter. Claro Advisors LLC increased its position in shares of Caterpillar by 3.5% during the 2nd quarter. Claro Advisors LLC now owns 2,341 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 79 shares during the last quarter. Finally, Oakworth Capital Inc. increased its position in shares of Caterpillar by 11.0% during the 1st quarter. Oakworth Capital Inc. now owns 808 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 80 shares during the last quarter. 66.86% of the stock is owned by institutional investors and hedge funds.

Caterpillar Company Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Analyst Recommendations for Caterpillar (NYSE:CAT)

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