Barclays (LON:BARC) analyst Adam Seiden maintained a Hold rating on Caterpillar (NYSE:CAT) on Friday, setting a price target of $240, which is approximately 2.85% above the present share price of $233.36.
Seiden expects Caterpillar to post earnings per share (EPS) of $1.43 for the second quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Caterpillar, with an average price target of $230.38.
The analysts price targets range from a high of $265 to a low of $168.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $11.24 billion and a net profit of $1.38 billion. The company's market cap is $127.25 billion.
According to TipRanks.com, Barclays analyst Adam Seiden is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 16.8% and a 55.67% success rate.
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.