Caterpillar (NYSE:CAT) Price Target Cut to $1,000.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut Caterpillar’s price target from $1,100 to $1,000 but maintained an “overweight” rating, implying 60.58% upside from the reported share price.
• Analyst sentiment remains broadly positive, with 15 Buy ratings and 12 Hold ratings; the consensus rating is “Moderate Buy” with an average price target of $913.96.
• Caterpillar’s latest quarter showed strong momentum, as EPS of $7.20 beat estimates and revenue rose 17.3% year over year, although unchanged growth guidance, slightly weaker-than-expected revenue and multiple analyst target cuts have pressured the stock.

Caterpillar (NYSE:CAT - Get Free Report) had its target price decreased by analysts at JPMorgan Chase & Co. from $1,100.00 to $1,000.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the industrial products company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 60.58% from the stock's current price.

Other equities research analysts have also recently issued research reports about the company. President Capital began coverage on Caterpillar in a report on Friday, September 18th. They issued a "buy" rating and a $999.00 price target for the company. Weiss Ratings lowered Caterpillar from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday. Oppenheimer restated an "outperform" rating and issued a $1,009.00 target price on shares of Caterpillar in a report on Thursday. Wells Fargo & Company cut their target price on Caterpillar from $1,155.00 to $840.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Truist Financial reiterated a "buy" rating and set a $1,027.00 price target (down from $1,100.00) on shares of Caterpillar in a report on Friday. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of "Moderate Buy" and an average price target of $913.96.

Caterpillar Price Performance

Shares of NYSE CAT traded down $24.66 during mid-day trading on Friday, reaching $622.73. The company's stock had a trading volume of 5,299,167 shares, compared to its average volume of 2,859,748. The stock has a 50-day moving average of $783.25 and a two-hundred day moving average of $807.52. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The stock has a market capitalization of $286.25 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.22 and a beta of 1.58. Caterpillar has a 1-year low of $537.08 and a 1-year high of $1,073.46.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share for the quarter, topping analysts' consensus estimates of $7.06 by $0.14. The firm had revenue of $20.68 billion for the quarter, compared to analyst estimates of $20.76 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. Caterpillar's quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business posted $4.95 earnings per share. On average, equities research analysts anticipate that Caterpillar will post 27.74 EPS for the current fiscal year.

Insider Activity at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, the chief executive officer owned 34,555 shares of the company's stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Caterpillar

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Caterpillar during the second quarter worth about $40,457,153,000. Bank of America Corp DE bought a new stake in Caterpillar in the second quarter valued at about $5,818,150,000. Bank of New York Mellon Corp bought a new stake in Caterpillar in the second quarter valued at about $3,192,710,000. Legal & General Group Plc acquired a new stake in Caterpillar during the second quarter valued at approximately $2,783,451,000. Finally, Ascentis Wealth Management LLC raised its position in shares of Caterpillar by 110,539.0% during the 2nd quarter. Ascentis Wealth Management LLC now owns 2,518,143 shares of the industrial products company's stock valued at $2,711,772,000 after acquiring an additional 2,515,867 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar reported third-quarter sales and revenues of approximately $20.7 billion, up 17% year over year, while adjusted earnings per share of $7.20 exceeded the $7.06 consensus estimate. Power-generation sales increased 30%, helped by data-center demand, and the company reported a record $78.1 billion backlog. Caterpillar Reports Third-Quarter 2026 Results
• Positive Sentiment: Truist Financial reaffirmed its “buy” rating, while Citigroup maintained a “buy” rating despite lowering its price target to $800. Both targets remain above the current trading level, suggesting some analysts see substantial long-term upside.
• Neutral Sentiment: Bank of America said Caterpillar’s earnings power remains intact, and analysts expect revenue and EPS growth as the backlog converts. However, the backlog may extend into 2029–2030, meaning investors could wait longer for the full financial benefit.
• Negative Sentiment: Management left its annual growth outlook unchanged and indicated only “moderate” fourth-quarter revenue growth. Investors had expected a stronger forecast or an upgrade, so the unchanged guidance overshadowed the earnings beat. Caterpillar Tops Quarterly Profit View
• Negative Sentiment: Revenue came in slightly below consensus, while tariff expenses and rising inventories added to concerns about costs, demand timing and near-term margins.
• Negative Sentiment: Several firms reduced their targets: Morgan Stanley cut its target to $675 and rated CAT “equal weight,” RBC lowered its target to $722 with a “sector perform” rating, and Truist reduced its target to $1,027. These cuts reinforce concerns that the stock’s premium valuation had become difficult to justify without faster growth.

Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.

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