In a report released today, Kristen Owen from Oppenheimer maintained a Hold rating on Caterpillar (CAT – Research Report). The company’s shares closed yesterday at $321.40.
Owen covers the Industrials sector, focusing on stocks such as Agco, Caterpillar, and Deere. According to TipRanks, Owen has an average return of 7.5% and a 51.95% success rate on recommended stocks.
Caterpillar has an analyst consensus of Moderate Buy, with a price target consensus of $296.21, implying a -7.84% downside from current levels. In a report released yesterday, Citi also maintained a Hold rating on the stock with a $255.00 price target.
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The company has a one-year high of $334.87 and a one-year low of $201.06. Currently, Caterpillar has an average volume of 2.99M.
Based on the recent corporate insider activity of 50 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.
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