Caterpillar (NYSE:CAT) Rating Reconfirmed
In analysts note sent to investors on today, Deutsche Bank kept their Buy rating on Caterpillar (NYSE:CAT)’s stock. The TP means a potential upside of 26.28% from company’s last stock close price.
NYSE:CAT is right now trading -2.51% lower at $63.36 as of 13:48 New York time. Caterpillar’s stock is down -31.36% over the past 200 days. It has underperformed the S&P500, which has decreased -6.24% over the same time.
Out of 21 analysts covering Caterpillar, 5 rate it a Buy, 17 indicate a Hold while 3 suggest a Sell. The highest target is $86 and the lowest is $58 according to Thomson/First Call. The 12-month mean target is $73.24, which means upside potential of 15.59% over the current price.
Institutional Ownership
San Francisco Sentry Investment Group (Ca) had the biggest stake with ownership of 270,368 shares as of Q2 2015 for 13.74% of the portfolio. Fourpoints Investment Managers S.A.S. is another quite bullish investment manager who is owning 299,800 shares of Caterpillar or 5.8% of their portfolio. Furthermore, Bill & Melinda Gates Foundation Trust have 5.61% of their portfolio invested in the company for 11.26 million shares. The Ohio-based fund Mpam Credit Trading Partners L.P. revealed it had purchased so far a stake worth about 5.57% of the investment manager’s stock portfolio in Caterpillar. The Oregon-based fund Peregrine Asset Advisers Inc. is also positive about the stock, possessing 103,247 shares or 4.44% of their portfolio.
Insider Activity
Over the last 6 months, Caterpillar NYSE:CAT has seen 0 buys, and 2 insider sales. The net result was for 2 transactions, worth $985,350.
Caterpillar (NYSE:CAT) Profile
Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. The Company also provides financing and related services through its Financial Products segment.
Caterpillar (NYSE:CAT) traded down -2.51% on 28 September, hitting $63.36. A total of 5.72M shares of the company’s stock traded hands. This is down from average of 7.96M shares. Caterpillar has a 52 week low of $62.99 and a 52 week high of $107.12. The company has a market cap of $38.96 billion and a P/E ratio of 10.86.
