Caterpillar Receives a Hold from Jefferies


In a report released yesterday, Stephen Volkmann from Jefferies reiterated a Hold rating on Caterpillar (NYSE: CAT), with a price target of $155. The company’s shares closed yesterday at $138.95.

According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 18.0% and a 68.8% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Paccar Inc, Terex Corp, and Navistar.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $175.42 average price target.

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Based on Caterpillar’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $12.86 billion and net profit of $1.67 billion. In comparison, last year the company earned revenue of $11.33 billion and had a net profit of $802 million.

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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.

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