Credit Suisse Group reissued their buy rating on shares of Caterpillar, Inc. (NYSE:CAT) has been on a run - rising 11.74 percent in just three months. Credit Suisse Group now has a $123.00 target price on the industrial products company's stock.
As the muscular showings by MCD and CAT go some way to rebooting investors' willingness to react in kind to successful quarters, running forecasts compiled by providers like FactSet, Bloomberg and Reuters also help brighten sentiment. Finally, Bank of America Corporation set a $120.00 target price on shares of Caterpillar and gave the company a "buy" rating in a report on Tuesday, June 20th. Finally, Vetr raised shares of Caterpillar from a "strong sell" rating to a "sell" rating and set a $90.53 price objective for the company in a report on Tuesday, May 2nd. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.5 average brokerage recommendation. Caterpillar presently has an average rating of "Hold" and a consensus price target of $98.51. The stock has been active on the tape, now trading at $108.18, up from yesterday's close by 1.49%. On Tuesday, February 7 the stock rating was upgraded by Barclays Capital to "Overweight". The recent change has given its price a 1.28% lead over SMA 50 and -3.1% deficit over its 52-week high.
Caterpillar (CAT) traded up 1.49% on Monday, reaching $108.18.
15 analysts on average are expecting Caterpillar Inc.to report earnings of $0.9 per share for the current quarter. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.27 billion.
"With fundamentals improving across many of Caterpillar's business units and geographies, we have become more positive on the shares", Jim Corridore, a senior equity analyst for CFRA Research, told the Winston-Salem (N.C.) Journal.
At McDonald's, the group's efforts over the last two years under turnaround CEO Steve Easterbrook to reorient itself to changing USA eating habits and tastes by introducing healthier options and flatter prices, bore fruit with MCD's best sales growth in five years.
On Monday, BMO Capital upgraded Caterpillar, citing both an environment in which industrial companies are being awarded more favorable valuations and its expectations that Caterpillar's management will map out a five-year path to $16 EPS at its September investor event.
ILLEGAL ACTIVITY WARNING: "Virginia Retirement Systems ET AL Has $1,735,000 Stake in Caterpillar, Inc". If you are accessing this news story on another site, it was stolen and republished in violation of United States and global copyright and trademark legislation. The stock of Macy's Inc (NYSE:M) has "Outperform" rating given on Friday, May 12 by Telsey Advisory Group.
Caterpillar, Inc. declared a dividend payable on Saturday the 19th of August 2017. Guyasuta Invest accumulated 0.15% or 12,308 shares. The dividend will be $0.780 per share for the quarter or $3.12 on an annualized basis. The ex-dividend date will be on Tuesday July 18th, 2017. The institutional investor held 10,776 shares of the medical and dental instruments company at the end of 2016Q4, valued at $1.92M, up from 8,976 at the end of the previous reported quarter. With the ratio standing at 17.4%, Caterpillar now appears to be in a strong position to service its debt, while maintaining its capital returns. Marietta Wealth Management LLC acquired a new position in shares of Caterpillar during the fourth quarter worth about $1,309,000.
Greenwood Gearhart Inc decreased Caterpillar Inc Del Com (CAT) stake by 32.99% reported in 2016Q4 SEC filing. Glenview Trust Co purchased a new position in shares of Caterpillar during the fourth quarter worth approximately $2,385,000. It dropped, as 75 investors sold Caterpillar Inc. shares while 395 reduced holdings.