Merrill Lynch analyst Ross Gilardi maintained a Hold rating on Caterpillar (NYSE: CAT) today and set a price target of $163. The company’s shares closed yesterday at $153.14.
According to TipRanks.com, Gilardi is a 2-star analyst with an average return of 0.3% and a 50.0% success rate. Gilardi covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Illinois Tool Works, and Paccar Inc.
Caterpillar has an analyst consensus of Moderate Buy, with a price target consensus of $175.23.
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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 $9.82 billion and had a net profit of $192 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.
