RBC Capital analyst Seth Weber maintained a Hold rating on Caterpillar (CAT) yesterday. The company’s shares closed last Monday at $119.01, close to its 52-week low of $112.06.
According to TipRanks.com, Weber is a 5-star analyst with an average return of 11.3% and a 59.9% success rate. Weber covers the Industrial Goods sector, focusing on stocks such as BrightView Holdings Inc, Manitowoc Company, and Terex Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $139.43 average price target, a 19.2% upside from current levels. In a report issued on August 7, Goldman Sachs also downgraded the stock to Hold with a $130 price target.
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Caterpillar’s market cap is currently $66.95B and has a P/E ratio of 11.08. The company has a Price to Book ratio of 4.51.
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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.
