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Robert W. Baird Reaffirms Their Buy Rating on Caterpillar (CAT)

Robert W. Baird analyst Mircea Dobre maintained a Buy rating on Caterpillar (CATResearch Report) on August 2 and set a price target of $224.00. The company’s shares closed last Thursday at $183.64.

According to TipRanks.com, Dobre is a 5-star analyst with an average return of 12.3% and a 49.3% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Lincoln Electric Holdings, and John Bean Technologies.

Caterpillar has an analyst consensus of Moderate Buy, with a price target consensus of $220.00, which is a 20.3% upside from current levels. In a report issued on August 2, Credit Suisse also maintained a Buy rating on the stock with a $236.00 price target.

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The company has a one-year high of $237.90 and a one-year low of $167.08. Currently, Caterpillar has an average volume of 2.98M.

Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is neutral on the stock.

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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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