Caterpillar Gets a Hold Rating from BMO Capital

By Ryan Adsit

BMO Capital analyst Joel Tiss reiterated a Hold rating on Caterpillar (NYSE: CAT) yesterday and set a price target of $110. The company’s shares closed yesterday at $107.04, close to its 52-week high of $108.18.

According to, Tiss is a 5-star analyst with an average return of 11.0% and a 64.6% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Inc, Wabash National Corp, and Illinois Tool Works.

Caterpillar has an analyst consensus of Moderate Buy, with a price target consensus of $104.60.

The company has a one year high of $108.18 and a one year low of $70.53. Currently, Caterpillar has an average volume of 4.96M.

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Caterpillar, Inc. engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It provides technology for construction, transportation, mining, forestry, energy, logistics, electronics, financing, and electric power generation. It operates through the following segments: Construction Industries, Resource Industries, Energy & Transportation, and Financial Products. The Construction Industries segment supports customers using machinery in infrastructure and building construction applications. The Resource Industries segment responsible for supporting customers using machinery in mining and quarrying applications and it includes business strategy, product design, product management, and development, manufacturing, marketing and sales and product support. The Energy & Transportation segment supports customers in oil and gas, power generation, marine, rail, and industrial applications. The Financial Products segment line business provides a wide range of financing alternatives to customers and dealers for Caterpillar machinery and engines, solar gas turbines as well as other equipment and marine vessels. The company was founded on April 15, 1925 and is headquartered in Peoria, IL.