Price Target Analysis of Caterpillar Inc. (NYSE:CAT)

Jeannie Matthews
February 3, 2018

The target implies a 338.95% spike from where the shares are now trading.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 25th. It has outperformed by 30.83% the S&P500.

Traders may also be paying close attention to RSI levels on shares of IOL Chemicals and Pharmaceuticals Limited (IOLCP.NS). Its up 8.32% from 3.48M shares previously. With 800 avg volume, 2 days are for COMP ENERGETICA SAO (OTCMKTS:CSQSY)'s short sellers to cover CSQSY's short positions. The SI to Entergy Corporation New's float is 2.11%. Trading volume for Caterpillar Inc. was 7 Million in its previous trading session. About 7.01 million shares traded or 61.08% up from the average. A rating of 1.0 reveals STRONG BUY and 2.0 shows BUY signal while HOLD view stays within 3.0 rating score. It has underperformed by 17.22% the S&P500.

Since August 9, 2017, it had 0 insider buys, and 4 sales for $4.75 million activity. In financial situations, the standard deviation is used for the annual rate of return in order aid in measuring the volatility of a certain investment. The hedge fund held 287,496 shares of the capital goods company at the end of 2017Q3, valued at $35.85 million, down from 340,352 at the end of the previous reported quarter. (NYSE:CAT). Bridges Inv Counsel accumulated 3,886 shares. VINCI DONALD W sold 6,594 shares worth $560,490. Halsey Inc Ct has 2,600 shares. (NYSE:CAT). 21.02 million were accumulated by State Farm Mutual Automobile. Hodges Capital Management Inc who had been investing in Ncr Corp for a number of months, seems to be bullish on the $4.59 billion market cap company. It operates through two divisions, Utility and Entergy Wholesale Commodities.

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.02, from 1.15 in 2017Q2. 106 funds opened positions while 696 raised stakes. 38,500 are held by Susquehanna Int Ltd Liability Partnership. Wealthsource Partners LLC purchased a new position in shares of Caterpillar during the 2nd quarter worth $316,000. Ngam LP holds 0.04% in The Western Union Company (NYSE:WU) or 196,794 shares.

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Institutional Investor Sentiment About Apple Inc (NASDAQ:AAPL) Increased
The firm earned "Buy" rating on Tuesday, January 12 by Brean Capital. (NASDAQ:MANH) on Monday, January 9 to "Mkt Perform" rating. Amer Assets Inv Mngmt Lc accumulated 52,500 shares or 1.62% of the stock. $26.05 million worth of Intuit Inc. (NASDAQ: AAPL ).

On 12/14/2016 Caterpillar announced a quarterly dividend of $0.77 3.26% with an ex dividend date of 1/18/2017 which will be payable on 2/18/2017. (NYSE:CAT). Bluemountain Capital Management Ltd Limited Liability Company stated it has 69,013 shares or 0.18% of all its holdings. Raymond James Tru Na holds 12,044 shares or 0.11% of its portfolio.

Turning to Egalet Corporation (NASDAQ:EGLT), its shares were trading at $0.95 a gain of $0.01, on the trading floor. Amer National Insurance Tx stated it has 541,823 shares. Stephens Ar holds 0.04% or 14,711 shares. Institutional owners held 72.20% stake while Insiders ownership kept at 0.10% in the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company. Therefore 92% are positive. Caterpillar presently has an average rating of "Buy" and an average target price of $167.80. The firm earned "Sector Perform" rating on Friday, September 25 by RBC Capital Markets. The company was maintained on Monday, February 22 by UBS. Wells Fargo & Co set a $150.00 target price on Caterpillar and gave the company a "buy" rating in a research note on Monday, October 16th. On Friday, March 18 the stock rating was maintained by Jefferies with "Hold". Deutsche Bank has "Hold" rating and $140 target. On Thursday, September 24 the stock rating was initiated by Axiom Capital with "Sell". De Lange Bob sold $216,276 worth of stock or 1,572 shares. Also, CFO Bradley M. Halverson sold 17,210 shares of the company's stock in a transaction dated Tuesday, November 21st. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

Trellus Management Company Llc decreased Clovis Oncology Inc (Put) (NASDAQ:CLVS) stake by 20,000 shares to 10,000 valued at $804,000 in 2017Q3. Spdr Gold Trust (GLD) was reduced too.

Investors sentiment decreased to 0.69 in Q3 2017. Its up 0.10, from 0.78 in 2017Q2. It improved, as 50 investors sold CAT shares while 377 reduced holdings. Investors of record on Monday, January 22nd will be given a dividend of $0.78 per share. Carl Domino holds 0.25% or 1,650 shares in its portfolio. Retirement System Of Alabama reported 489,213 shares stake. Southeast Asset Advisors Inc. boosted its holdings in Caterpillar by 0.3% in the second quarter. Rockefeller Fin Services reported 80 shares. Quantitative Systematic Strategies Llc who had been investing in Federal Realty Invs Trust for a number of months, seems to be bullish on the $8.73B market cap company. Voya Inv Mngmt Lc invested in 41,866 shares or 0.01% of the stock. (NYSE:CAT). Robeco Institutional Asset Management Bv has 0.14% invested in Caterpillar Inc. (NYSE:CAT) for 2.01M shares. Endurance Wealth Management has invested 0.02% of its portfolio in Caterpillar Inc. S&Co reported 2.23% of its portfolio in Caterpillar Inc. The Missouri-based Smith Moore And has invested 0.21% in Caterpillar Inc. Finally, Atwood & Palmer Inc. boosted its holdings in Caterpillar by 1.5% in the second quarter. (NYSE:CAT) earned "Sell" rating by Axiom Capital on Friday, June 16. Therefore 52% are positive. NCR had 30 analyst reports since August 20, 2015 according to SRatingsIntel. Robert W. Baird maintained it with "Hold" rating and $177.0 target in Friday, January 12 report. As per Monday, January 25, the company rating was downgraded by Goldman Sachs. Macquarie Research upgraded TransCanada Corporation (NYSE:TRP) on Wednesday, December 2 to "Outperform" rating. Barclays Capital initiated the stock with "Equal Weight" rating in Friday, September 25 report. As per Wednesday, October 26, the company rating was maintained by Wedbush. BMO Capital Markets reaffirmed a "buy" rating and issued a $150.00 price objective on shares of Caterpillar in a report on Friday, October 20th. The stock has "Buy" rating by Argus Research on Tuesday, April 26. Caterpillar has a twelve month low of $90.34 and a twelve month high of $173.24.

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