Barclays analyst Adam Seiden maintained a Hold rating on Caterpillar (CAT – Research Report) today and set a price target of $315.00. The company’s shares closed last Friday at $354.66.
According to TipRanks, Seiden is a 5-star analyst with an average return of 11.8% and a 55.56% success rate. Seiden covers the Industrials sector, focusing on stocks such as MasTec, Aecom Technology, and Caterpillar.
In addition to Barclays, Caterpillar also received a Hold from Oppenheimer’s Kristen Owen in a report issued on April 18. However, on April 19, J.P. Morgan assigned a Buy rating to Caterpillar (NYSE: CAT).
Based on Caterpillar’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $17.07 billion and a net profit of $2.68 billion. In comparison, last year the company earned a revenue of $16.6 billion and had a net profit of $1.45 billion
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Caterpillar (CAT) Company Description:
Founded in 1925, Illinois-based Caterpillar, Inc. manufactures construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments, including Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
