Caterpillar (CAT) Receives a Hold from RBC Capital

By Austin Angelo

RBC Capital analyst Seth Weber maintained a Hold rating on Caterpillar (CATResearch Report) yesterday. The company’s shares closed last Monday at $119.01, close to its 52-week low of $112.06.

According to TipRanks.com, Weber is a 5-star analyst with an average return of 11.3% and a 59.9% success rate. Weber covers the Industrial Goods sector, focusing on stocks such as BrightView Holdings Inc, Manitowoc Company, and Terex Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $139.43 average price target, a 19.2% upside from current levels. In a report issued on August 7, Goldman Sachs also downgraded the stock to Hold with a $130 price target.

See today’s analyst top recommended stocks >>

Caterpillar’s market cap is currently $66.95B and has a P/E ratio of 11.08. The company has a Price to Book ratio of 4.51.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.