Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Caterpillar (CAT), EnerSys (ENS) and ITT (ITT).
Caterpillar (CAT)
Morgan Stanley analyst Courtney Yakavonis maintained a Hold rating on Caterpillar today and set a price target of $109.00. The company’s shares closed last Monday at $108.26.
According to TipRanks.com, Yakavonis is a 1-star analyst with an average return of -8.7% and a 26.9% success rate. Yakavonis covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Allison Transmission Holdings, and Timken Company.
Currently, the analyst consensus on Caterpillar is a Moderate Buy with an average price target of $138.09, a 32.2% upside from current levels. In a report issued on March 18, UBS also upgraded the stock to Hold with a $100.00 price target.
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EnerSys (ENS)
In a report released today, John Franzreb from Sidoti maintained a Buy rating on EnerSys, with a price target of $93.00. The company’s shares closed last Monday at $48.99.
According to TipRanks.com, Franzreb is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -15.9% and a 28.6% success rate. Franzreb covers the Industrial Goods sector, focusing on stocks such as Circor International, Gorman-Rupp Company, and Powell Industries.
EnerSys has an analyst consensus of Moderate Buy, with a price target consensus of $102.00, implying an 112.5% upside from current levels. In a report issued on March 24, Oppenheimer also maintained a Buy rating on the stock.
ITT (ITT)
In a report released today, Matt Summerville from D.A. Davidson reiterated a Buy rating on ITT, with a price target of $70.00. The company’s shares closed last Monday at $43.63.
According to TipRanks.com, Summerville is a 2-star analyst with an average return of -3.9% and a 30.6% success rate. Summerville covers the Industrial Goods sector, focusing on stocks such as Franklin Electric Co, Hillenbrand, and Nordson.
ITT has an analyst consensus of Strong Buy, with a price target consensus of $80.67.
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