Wall Street sell-side analysts have given shares of Caterpillar, Inc. (NYSE:CAT) a near-term target price of $85.1. This is the consensus number provided by analysts used by Zacks Research. The number includes targets provided by 10 analysts. Analysts have provided price targets of where they see the stock headed in the future. These targets may vary from analyst to analyst.
Analysts may use prior stock resistance and support levels to help with determining a future target price. The highest current target price estimate provided by analysts polled by Zacks Research stands at $102. The lowest target price estimate from these same analysts is $60.
Zacks research also gives calculated recommendations from sell-side analysts that cover company shares. These recommendations land on a simplified scale provided by Zacks Research. Using data provided from various analysts, shares of Caterpillar, Inc. (NYSE:CAT) are presently listed with an ABR of 2.87. This number is using a recommendation scale where the ratings range from a 1 to a 5. Following this scale, a 1 would signify a Strong Buy while a 5 would represent a Strong Sell.
We can also take a look at some company earnings per share or EPS information. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company’s common stock. Earnings per share numbers can serve as an indicator for the profitability of a certain company. EPS is broadly thought to be one of the most important factors when evaluating the price of a share. A Zacks consensus currently shows Street analysts projecting the company to post per share earnings of $0.66. For the period ending 2016-09-30, Caterpillar, Inc. (NYSE:CAT) reported actual EPS of $0.85. This number was $0.1 away from analyst predictions, providing a surprise factor of 13.33%. The company is expected to next release earnings on or around 2017-01-26.
The data in this report is in part provided by Zacks Research and Yahoo Finance. The author does not have, nor plans to take any position in Caterpillar, Inc. shares within the next 14 days. Readers should not consider this as a recommendation to buy or sell company stock. This piece is for informational purposes only. Potentialy investors should always conduct full research before making investment decisions.