Robert W. Baird Sticks to Their Hold Rating for Caterpillar

By Ryan Adsit

Robert W. Baird analyst Mircea Dobre reiterated a Hold rating on Caterpillar (NYSE: CAT) today and set a price target of $168. The company’s shares opened today at $151.75.

According to, Dobre is a 3-star analyst with an average return of 2.3% and a 46.3% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Hyster-Yale Materials Handling Inc, Lincoln Electric Holdings, and John Bean Technologies.

Currently, the analyst consensus on Caterpillar is Strong Buy and the average price target is $186.75, representing a 23.1% upside.

In a report issued on April 5, Cleveland Research also maintained a Hold rating on the stock.

Based on Caterpillar’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $12.9 billion and GAAP net loss of $1.3 billion. In comparison, last year the company earned revenue of $9.82 billion and had a net profit of $192 million.

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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.