Caterpillar (CAT) Receives a Buy from Deutsche Bank

Deutsche Bank analyst Nicole Deblase maintained a Buy rating on Caterpillar (CATResearch Report) on May 17 and set a price target of $240.00. The company’s shares closed last Thursday at $206.05.

According to TipRanks.com, Deblase is a 4-star analyst with an average return of 5.1% and a 47.4% success rate. Deblase covers the Industrial Goods sector, focusing on stocks such as Hydrofarm Holdings Group, Emerson Electric Company, and Honeywell International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $239.08 average price target, a 16.1% upside from current levels. In a report issued on May 2, Argus Research also maintained a Buy rating on the stock with a $235.00 price target.

See the top stocks recommended by analysts >>

Caterpillar’s market cap is currently $113.7B and has a P/E ratio of 17.44.

Based on the recent corporate insider activity of 94 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.

Founded in 1925, Illinois-based Caterpillar, Inc. manufactures construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments, including Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

Read More on CAT:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More