Caterpillar Given New $104.00 Price Target at RBC Capital (CAT)
Posted by Alphonse Anthony on Jan 31st, 2013 // No Comments
Caterpillar (NYSE: CAT) had its price target lifted by RBC Capital from $99.00 to $104.00 in a research note released on Tuesday morning. They currently have a sector perform rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Raymond James set a $105.00 price target on shares of Caterpillar in a research note to investors on Tuesday. Separately, analysts at BMO Capital Markets upgraded shares of Caterpillar from a market perform rating to an outperform rating in a research note to investors on Tuesday. They now have a $130.00 price target on the stock, up previously from $83.00. Finally, analysts at BMO Capital Markets reiterated a market perform rating on shares of Caterpillar in a research note to investors on Tuesday, January 22nd. They now have a $83.00 price target on the stock.
Twelve investment analysts have rated the stock with a buy rating, three have issued an overweight rating, and eleven have issued a hold rating to the company. Caterpillar currently has a consensus rating of overweight and an average price target of $110.95.
Caterpillar traded down 0.28% on Tuesday, hitting $98.3699. Caterpillar has a 1-year low of $78.25 and a 1-year high of $116.95. The stock’s 50-day moving average is currently $93.03. The company has a market cap of $64.373 billion and a price-to-earnings ratio of 11.63.
LOL, and AFTER CAT goes to $80 they will DOWNGRADE it. The likes of Mr Weiss on CNBC giving out false information to cover their own poor trades. What a mess! Wallstreet is nothing but a crooked scam!
Sentiment: Strong Sell