Analyst Ratings for Caterpillar Inc. (CAT)Updated: 2017-07-28
Analysts covering Caterpillar Inc. (NYSE:CAT) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for CAT last month.
9 analysts declared CAT a buy, 1 gave an overweight rating, 12 gave a hold rating, 1 issued an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
A number of analysts gave price targets for CAT. The most optimistic price target was 128, which equates to a potential upside of 11.92 percent. The most pessimistic analyst gave a price target of 78, implying potential capital losses of -31.8 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 7.66 percent. The average change in earnings estimates over the last 90 days is 8.89 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 14.24 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 19.7 percent.
People are often interested in whether analysts were united in the direction of their revisions. 4 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
The growth rate of CAT's earnings is estimated by analysts to be 3375.25 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. CAT has a PEG ratio of 0.23.
CAT has traded between a high of 114.89 and a low of 79.93 over the past year. The current market price is above the trailing year's low by 43.09 percent, and 0.45 percent lower than its 52-week high. CAT has a P/E ratio of 762.47. Investors typically compare the P/E ratio to a company's peers in the industry. The CAT value stock report compares CAT to some of its peers using value stock charts. The market cap of CAT is $66.88 billion. CAT will post this quarters earnings in days, on 0000-00-00.