Caterpillar Inc. (CAT) Stock Surges on Stellar Earnings

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Tigress Financial upgraded the shares of CAT in report on Monday, July 31 to "Buy" rating. Deutsche Bank AG reiterated a "hold" rating and issued a $121.00 price target (up previously from $120.00) on shares of Caterpillar in a research note on Monday, October 9th. BMO Capital Markets reiterated a "buy" rating and set a $150.00 price target on shares of Caterpillar in a research report on Friday. (The) upped their price target on shares of Caterpillar from $143.00 to $158.00 and gave the company a "buy" rating in a research note on Monday, October 9th. Caterpillar has a consensus rating of "Hold" and an average target price of $80.78. (NYSE:CAT), 12 have Buy rating, 4 Sell and 13 Hold. The company now has a consensus rating of "Hold" and an average price target of $119.82. It improved, as 51 investors sold Caterpillar Inc. shares while 382 reduced holdings. American Investment Services Inc sold 40,908 shares as the company's stock rose 3.62% with the market. The relative volume of the stock is 1.64, while its market cap is $77.93 Billion.

Caterpillar Inc. (CAT)'s distance from 200 day simple moving average is 24.38 percent, its distance from 50 day simple moving average is 8.13 percent, while its distance from 20 day simple moving average is 3.11 percent. The stock is now moving above its 20-Day Simple Moving Average of 3.11% with a 50-Day Simple Moving Average of 8.13 percent. More interesting news about Twitter Inc (NYSE:TWTR) were released by: Investorplace.com and their article: "Twitter Inc Is a Stock of the Future, And Always Will Be" published on October 19, 2017 as well as Businesswire.com's news article titled: "TWITTER INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn ..." with publication date: October 21, 2017. Nwi Management Lp bought 1.52 million shares as the company's stock rose 10.41% with the market.

Revenue surged 25 percent to $11.41 billion while six analysts surveyed by Zacks expected $10.61 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. After $1.49 actual EPS reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts -20.13% negative EPS growth. During the same quarter a year ago, the business posted $1.09 EPS. The institutional investor held 228,112 shares of the health care company at the end of 2017Q2, valued at $7.65M, down from 426,475 at the end of the previous reported quarter. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright law. Over the past twelve months, Caterpillar Inc.

In related news, Director Daniel M. Dickinson sold 950 shares of the firm's stock in a transaction on Thursday, November 10th. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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The Relative Strength Index (RSI) is one of the most widely used technical indicators used to evaluate strengthening and weakening momentum in stock price. In the last ninety days, insiders sold 201,471 shares of company stock worth $22,979,332. The stock increased 0.24% or $0.32 during the last trading session, reaching $131.68. Caterpillar makes up approximately 1.3% of Bruderman Asset Management LLC's holdings, making the stock its 23rd largest position. Motco grew its stake in Caterpillar by 264.9% during the second quarter.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

Nwi Management Lp increased its stake in Twitter Inc (TWTR) by 69.05% based on its latest 2017Q2 regulatory filing with the SEC.

"At these levels, only companies that have both top-line and bottom-line beats could make the market move higher", said Rick Meckler, president of hedge fund LibertyView Capital Management LLC in Jersey City, New Jersey.

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