Caterpillar Inc. (NYSE:CAT) registered a 1.82% increase, still its new closing price is 78.65% up from the company’s 1 year high of 98.98.It posted 4.66% gains in previous 5 sessions and is now the subject of 15 analysts who together assign a hold rating on stock. 3 of Wall Street analysts have an underperform rating; the 1 sells versus 3 buy or better ratings. The 26 stock analysts following this company have an average price target at $92.23, with individual PT in the $31.00-$120.00 range. The shares moved at $98.99, implying that brokerage firms see shares gaining about 68.06% in twelve months time.
Caterpillar Inc. (CAT) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 7.62% rise year to date. A Director at Caterpillar Inc. (CAT) offloaded shares in a transaction closed on Thursday November 10, 2016. DICKINSON DANIEL M sold 950 shares in the company at $93.52 each and collected $88,001 in proceeds. DICKINSON DANIEL M now owns 14,560 shares in the company after this transaction. A Chief Accounting Officer in the company, Copeland Jananne A., disclosed a transaction on Wednesday November 09, 2016 that ended up generating $443,000 from the sale of 4,859 shares at $91.22 per share.
Caterpillar Inc. (NYSE:CAT) Upcoming Results on Tap
Caterpillar Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.60 in that period. Sales during the quarter are predicted to arrive at $9.07 billion.
Earnings surprise history: Last quarter, the company posted approximately $9.57 billion in revenue and EPS of $0.83. The mean forecast was for $9.84 billion and $0.66 a share, respectively. One quarter earlier, revenue for the stock was at $9.16 billion, with earnings at $0.85/share.
Caterpillar Inc. (CAT) Brokerage Update
Caterpillar Inc. (CAT) is in Wells Fargo’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Market Perform by Wells Fargo, according to news reported on Friday January 27, 2017.Another important research note was issued by Standpoint Research on Thursday January 26, 2017.The firm downgraded CAT to Sell from Hold. Over the last six months and over the last three months, the shares of Caterpillar Inc. (CAT), have changed 21.43% and 18.64%, respectively.