Analysis and Caterpillar Inc. (CAT) Earnings Review

Wall Street await Caterpillar Inc. (CATS) to release earnings on March, 25. The stock decreased 2.44% or $1.84 on March 23, hitting $73.71. About 5.35M shares traded hands. Caterpillar Inc. (NYSE:CAT) has declined 6.52% since August 18, 2015 and is downtrending. It has underperformed by 3.65% the S&P500.

Out of 19 analysts covering Caterpillar Inc. (NYSE:CAT), 1 rate it “Buy”, 5 “Sell”, while 18 “Hold”. This means 4% are positive. $75 is the highest target while $28 is the lowest. The $61.47 average target is -10.23% below today’s ($73.71) stock price. Caterpillar Inc. was the topic in 33 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Citigroup maintained the stock on March 18 with “Neutral” rating. Goldman Sachs maintained it with “Neutral” rating and $67 target price in a December 7 report. Goldman Sachs downgraded the shares of CAT in a report on January 25 to “Sell” rating. Macquarie Research maintained the firm’s rating on September 25. Macquarie Research has “Underperform” rating and $58 price target. Finally, S&P Research downgraded the stock to “Sell” rating in an October 23 report.

Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company has a market cap of $42.73 billion. The Firm principally operates through its three product divisions: Resource Industries, Construction Industries, and Energy & Transportation. It has 21.39 P/E ratio. The Firm also provides financing and related services through its Financial Products segment.

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