Caterpillar (NYSE:CAT) Price Target Cut to $800.00 by Analysts at Freedom Broker

Caterpillar (NYSE:CAT) had its price objective dropped by research analysts at Freedom Broker from $980.00 to $800.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Freedom Broker‘s price target points to a potential upside of 28.47% from the company’s current price.

CAT has been the topic of several other reports. Wall Street Zen downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada lowered their price target on Caterpillar from $897.00 to $722.00 and set a “sector perform” rating for the company in a report on Friday. Barclays upped their price objective on shares of Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Weiss Ratings lowered shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Truist Financial reissued a “buy” rating and issued a $1,027.00 target price (down from $1,100.00) on shares of Caterpillar in a research report on Friday. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $898.25.

Caterpillar Stock Down 0.0%

Shares of NYSE CAT opened at $622.73 on Monday. Caterpillar has a 1 year low of $537.08 and a 1 year high of $1,073.46. The firm’s 50 day moving average price is $783.25 and its 200 day moving average price is $807.52. The firm has a market cap of $286.25 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.65. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.88 and a current ratio of 1.42.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share for the quarter, beating the consensus estimate of $7.06 by $0.14. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The company had revenue of $20.68 billion during the quarter, compared to the consensus estimate of $20.76 billion. During the same period in the previous year, the firm posted $4.95 EPS. Caterpillar’s revenue was up 17.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Caterpillar will post 27.75 earnings per share for the current year.

Insider Activity at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Institutional Trading of Caterpillar

Several large investors have recently added to or reduced their stakes in the stock. Decker Retirement Planning Inc. grew its stake in shares of Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after buying an additional 22 shares in the last quarter. PFS Partners LLC grew its position in Caterpillar by 1,750.0% in the third quarter. PFS Partners LLC now owns 37 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 35 shares in the last quarter. Matrix Trust Co raised its stake in shares of Caterpillar by 93.8% during the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 15 shares during the period. Cedar Mountain Advisors LLC lifted its position in shares of Caterpillar by 82.1% during the first quarter. Cedar Mountain Advisors LLC now owns 51 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 23 shares in the last quarter. Finally, Axiom Investment Management LLC acquired a new position in shares of Caterpillar during the second quarter worth $36,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s third-quarter revenue increased 17.3% year over year to $20.68 billion, while adjusted earnings of $7.20 per share exceeded consensus by $0.14. The results reinforce the company’s earnings momentum. CAT Q3 deep dive: capacity expansion and backlog growth shape outlook amid market caution
• Positive Sentiment: Third-quarter order backlog reached a record $78 billion, extending delivery timelines well into the next decade. Power-generation sales to end users rose 75%, helped by demand from data centers, supporting Caterpillar’s longer-term growth outlook. Caterpillar: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Truist reiterated a “Buy” rating. A separate global-bank analysis argued that the market may be overlooking Caterpillar’s backlog and secular data-center power demand, with substantial upside possible if execution remains strong. Caterpillar Crashed By 25% Over 6 Months But This Global Banking Giant Says 85% Gains Will Come
• Neutral Sentiment: Truist reduced its price target to $1,027 from $1,100 while retaining its Buy rating. The lower target reflects greater caution but still implies significant potential appreciation from recent trading levels. Could Caterpillar Actually Climb 65% After Its Earnings Slide? Or Is Truist Totally Wrong?
• Negative Sentiment: Royal Bank of Canada and Citigroup trimmed their Caterpillar price targets, adding to investor concerns that valuation, cyclical demand and execution risks may limit near-term gains. RBC price target reduction Citi price target trim
• Negative Sentiment: Morgan Stanley and JPMorgan issued pessimistic forecasts, while an analyst downgrade recently sent CAT shares lower. The cluster of cautious calls is likely weighing on the stock despite the earnings beat. Morgan Stanley forecast JPMorgan forecast

Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.