Barclays Capital lifted their price target on shares of Caterpillar (NYSE: CAT)
A number of other firms have also recently commented on CAT. Analysts at Jefferies Group raised their price target on shares of Caterpillar to $95.00 in a research note to investors on Tuesday. They now have a ?hold? rating on the stock. Separately, analysts at Credit Agricole upgraded shares of Caterpillar from an ?outperform? rating to a ?buy? rating in a research note to investors on Tuesday. Finally, analysts at RBC Capital raised their price target on shares of Caterpillar from $99.00 to $104.00 in a research note to investors on Tuesday. They now have a ?sector perform? rating on the stock. Ten research analysts have rated the stock with a buy rating, three have given an overweight rating, and twelve have given a hold rating to the company?s stock. Caterpillar presently has a consensus rating of ?overweight? and an average target price of $104.07.
Shares of Caterpillar traded up 1.09% during mid-day trading on Tuesday, hitting $98.51. Caterpillar has a 52 week low of $78.25 and a 52 week high of $116.95. The stock?s 50-day moving average is currently $92.3. The company has a market cap of $64.419 billion and a P/E ratio of 9.98.
Caterpillar last released its earnings data on Monday, January 28th. The company reported $1.91 earnings per share for the quarter, beating the analysts? consensus estimate of $1.71 by $0.20. The company had revenue of $16.08 billion for the quarter, compared to the consensus estimate of $16.16 billion. During the same quarter last year, the company posted $2.32 earnings per share. Caterpillar?s revenue was down 6.8% compared to the same quarter last year. Caterpillar has set its FY13 guidance at $7.00-9.00 EPS. Analysts expect that Caterpillar will post $8.50 EPS for the current fiscal year.
Caterpillar Inc. (Caterpillar) is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.