In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Caterpillar (CAT). The company’s shares opened today at $129.77.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 16.8% and a 68.2% success rate. Feinseth covers the Services sector, focusing on stocks such as Booking Holdings Inc, Wal-Mart Stores Inc, and Southwest Airlines.
Caterpillar has an analyst consensus of Moderate Buy, with a price target consensus of $149.71, implying a 15.4% upside from current levels. In a report issued on March 15, Citigroup also maintained a Buy rating on the stock with a $155 price target.
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The company has a one-year high of $161.60 and a one-year low of $112.06. Currently, Caterpillar has an average volume of 4.62M.
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Caterpillar, Inc. engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
