In a report released today, Jamie Cook from Credit Suisse maintained a Buy rating on Caterpillar (CAT), with a price target of $162.00. The company’s shares closed last Monday at $93.46, close to its 52-week low of $87.50.
According to TipRanks.com, Cook is a 4-star analyst with an average return of 3.2% and a 51.7% success rate. Cook covers the Basic Materials sector, focusing on stocks such as Jacobs Engineering, MasTec, and Fluor.
Currently, the analyst consensus on Caterpillar is a Moderate Buy with an average price target of $138.82, a 47.8% upside from current levels. In a report issued on March 11, Merrill Lynch also maintained a Buy rating on the stock with a $123.00 price target.
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The company has a one-year high of $150.55 and a one-year low of $87.50. Currently, Caterpillar has an average volume of 4.17M.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CAT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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