Caterpillar (CAT) Receives a Sell from Morgan Stanley

In a report released today, Dillon Cumming from Morgan Stanley maintained a Sell rating on Caterpillar (CATResearch Report), with a price target of $161.00. The company’s shares closed last Thursday at $178.83.

According to, Cumming is a 1-star analyst with an average return of -7.3% and a 20.0% success rate. Cumming covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Lincoln Electric Holdings, and Kennametal.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $240.93 average price target.

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Based on Caterpillar’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $13.59 billion and net profit of $1.54 billion. In comparison, last year the company earned revenue of $11.89 billion and had a net profit of $1.53 billion.

Based on the recent corporate insider activity of 104 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.

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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.

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