Wells Fargo Maintains a Hold Rating on Caterpillar (CAT)

By Austin Angelo

In a report issued on December 6, Andy Casey from Wells Fargo maintained a Hold rating on Caterpillar (CATResearch Report). The company’s shares closed last Monday at $142.72, close to its 52-week high of $148.47.

According to TipRanks.com, Casey is a 4-star analyst with an average return of 7.5% and a 51.8% success rate. Casey covers the Industrial Goods sector, focusing on stocks such as Parker Hannifin, Navistar, and Cummins.

Caterpillar has an analyst consensus of Moderate Buy, with a price target consensus of $142.82.

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The company has a one-year high of $148.47 and a one-year low of $111.75. Currently, Caterpillar has an average volume of 3.69M.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CAT in relation to earlier this year.

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.