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Citi Keeps Their Buy Rating on Caterpillar (CAT)

Citi Keeps Their Buy Rating on Caterpillar (CAT)

Globe and Mail8 hours ago
Citi analyst Kyle Menges maintained a Buy rating on Caterpillar today and set a price target of $460.00. The company's shares closed yesterday at $408.33.
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According to TipRanks, Menges is a 4-star analyst with an average return of 16.2% and an 88.33% success rate. Menges covers the Industrials sector, focusing on stocks such as Oshkosh, Agco, and Caterpillar.
In addition to Citi, Caterpillar also received a Buy from J.P. Morgan's Tami Zakaria in a report issued yesterday. However, on July 8, Morgan Stanley maintained a Hold rating on Caterpillar (NYSE: CAT).
See today's best-performing stocks on TipRanks >>
CAT market cap is currently $189.2B and has a P/E ratio of 19.90.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CAT in relation to earlier this year. Most recently, in May 2025, David Maclennan, a Director at CAT bought 375.00 shares for a total of $120,262.50.
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