BMO Capital Remains a Buy on Caterpillar (CAT)

By Carrie Williams

BMO Capital analyst Joel Tiss reiterated a Buy rating on Caterpillar (CATResearch Report) on February 1 and set a price target of $160. The company’s shares closed yesterday at $130.88.

According to, Tiss is a 4-star analyst with an average return of 8.6% and a 60.6% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as John Bean Technologies, Illinois Tool Works, and Terex Corp.

Caterpillar has an analyst consensus of Moderate Buy, with a price target consensus of $155.38, representing a 18.7% upside. In a report issued on January 18, Credit Suisse also maintained a Buy rating on the stock with a $173 price target.

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Caterpillar’s market cap is currently $77.23B and has a P/E ratio of 12.80. The company has a Price to Book ratio of 4.87.

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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 operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.