Where Caterpillar Stands With Analysts
Portfolio Pulse from Benzinga Insights
Caterpillar Inc. (NYSE:CAT) has received a mix of bullish and neutral analyst ratings in the last quarter, with 3 bullish, 1 somewhat bullish, and 1 indifferent. The 12-month average price target among 5 analysts is $286.4, with a high of $320 and a low of $250. This average has decreased by 4.29% from the previous target of $299.25. Analysts from Stifel, HSBC, Tigress Financial, Goldman Sachs, and JP Morgan have adjusted their price targets and ratings, reflecting their latest views on the company's performance. Caterpillar is a leading manufacturer in heavy equipment and has shown solid revenue growth, high net margin, and strong ROE and ROA, but carries a higher debt-to-equity ratio compared to the industry average.
December 19, 2023 | 5:01 pm
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NEUTRAL IMPACT
Caterpillar Inc. has a mix of bullish and neutral ratings with a slight decrease in the average price target. The company's strong financial performance may counterbalance the negative sentiment from the lowered price target.
The mix of bullish and neutral ratings, along with a slight decrease in the average price target, suggests a neutral short-term impact on CAT's stock price. The company's strong financial performance indicators such as revenue growth, net margin, ROE, and ROA may provide support to the stock price, while the high debt-to-equity ratio could be a concern for some investors. The recent adjustments by analysts indicate that while there is optimism, there are also cautionary elements to consider.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100