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 yesterday at $338.00.
Seiden covers the Industrials sector, focusing on stocks such as Caterpillar, MasTec, and Aecom Technology. According to TipRanks, Seiden has an average return of 11.2% and a 54.11% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $340.00 average price target, a 0.59% upside from current levels. In a report released yesterday, Stifel Nicolaus also downgraded the stock to a Hold with a $350.00 price target.
CAT market cap is currently $181.4B and has a P/E ratio of 18.05.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is neutral on the stock.
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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.
