Caterpillar Stock Rating Reaffirmed by TheStreet (CAT)

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Caterpillar (NYSE:CAT)‘s stock had its “buy” rating reaffirmed by stock analysts at TheStreet in a report issued on Friday, AmericanBankingNews.com reports.

The analysts wrote, “Caterpillar (CAT) has been reiterated by TheStreet Ratings as a buy with a ratings score of B+. The company’s strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels, good cash flow from operations, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”

Shares of Caterpillar (NYSE:CAT) traded down 0.35% on Friday, hitting $96.2155. The stock had a trading volume of 2,577,821 shares. Caterpillar has a 52-week low of $79.49 and a 52-week high of $96.68. The stock has a 50-day moving average of $91.63 and a 200-day moving average of $86.53. The company has a market cap of $61.289 billion and a P/E ratio of 16.79.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Monday, January 27th. The company reported $1.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.28 by $0.26. The company had revenue of $13.61 billion for the quarter, compared to the consensus estimate of $13.64 billion. During the same quarter in the prior year, the company posted $1.91 earnings per share. The company’s quarterly revenue was down 10.4% on a year-over-year basis. On average, analysts predict that Caterpillar will post $5.93 earnings per share for the current fiscal year.

CAT has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods downgraded shares of Caterpillar from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. They now have a $25.00 price target on the stock, up previously from $23.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Caterpillar in a research note on Tuesday, January 28th. They now have a $96.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Caterpillar from $89.00 to $94.00 in a research note on Tuesday, January 28th. Fifteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Caterpillar currently has an average rating of “Hold” and a consensus target price of $90.55.

Caterpillar Inc (NYSE:CAT) is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

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