The shares of Caterpillar Inc. (NYSE:CAT) has been pegged with a rating of Sell by UBS in its latest research note that was published on February 26th, 2019. The research company has also assigned a $125 price target. UBS wasn’t the only research firm that published a report of Caterpillar Inc., with other equities research analysts also giving their opinion on the stock. Standpoint Research advised investors in its research note published on December 26th, 2018, to Accumulate the CAT stock. The stock had earned Buy rating from BofA/Merrill when it published its report on December 3rd, 2018. The stock was given Hold rating by Stifel in its report released on October 29th, 2018, the day when the price target on the stock was placed at $142. Robert W. Baird was of a view that CAT is Outperform in its latest report on September 20th, 2018. Oppenheimer thinks that CAT is worth Perform rating. This was contained in the firm’s report on September 7th, 2018.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 10 believe it has the potential for further growth, thus rating it as Hold while 9 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $143.19. The price of the stock the last time has raised by 19.13% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 47.55.
The shares of the company added by 0.77% during the trading session on Wednesday, reaching a low of $132.69 while ending the day at $133.50. During the trading session, a total of 4.24 million shares were traded which represents a 13.35% incline from the average session volume which is 4.89M shares. CAT had ended its last session trading at 132.48. Caterpillar Inc. currently has a market cap of $77.68B, while its P/E ratio stands at 13.27, while its P/E earnings growth sits at 1.42, with a beta of 1.46. Caterpillar Inc. debt-to-equity ratio currently stands at 2.60, while its quick ratio hovers at 1.00. CAT 52-week low price stands at $112.06 while its 52-week high price is $161.60.
The company in its last quarterly report recorded $2.55 earnings per share which is below the $2.99 predicted by most analysts. The Caterpillar Inc. generated $14,342.00 million in revenue during the last quarter, which is slightly higher than the $14,325.80 million predicted by analysts. In the second quarter last year, the firm recorded $2.86 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -12.16%. Caterpillar Inc. has the potential to record 10.06 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Imperial Capital published a research note on March 8th, 2019 where it informed investors and clients that Alaska Air Group, Inc. (NYSE:ALK) is now rated as In-line. Their price target on the stock stands at $61. Standpoint Research also rated ALK as Upgrade on December 26th, 2018, with its price target of $5.50 suggesting that ALK could surge by 28.83% from its current share price. Even though the stock has been trading at $54.09/share, analysts expect it to surge higher by 3.59% to reach $78.73/share. It started the day trading at $56.18 and traded between $54.4317 and $56.03 throughout the trading session.
A look at its technical shows that ALK’s 50-day SMA is 62.48 while its 200-day SMA stands at 63.83. The stock has a high of $74.83 for the year while the low is $53.70. The company’s P/E ratio currently sits at 15.90, while the P/B ratio is 1.84. At the moment, only of Alaska Air Group, Inc. shares were sold short. The company’s average trading volume currently stands at 1.74M shares, which means that the short-interest ratio is just 3.75 days. Over the past seven days, the company moved, with its shift of 0.36%. Looking further, the stock has dropped -11.74% over the past 90 days while it lost -17.78% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more ALK shares, increasing its portfolio by +2.72% during the last quarter. This move now sees The Vanguard Group Inc purchasing 333,672 shares in the last quarter, thus it now holds 12,598,858 shares of ALK, with a total valuation of $777,349,539. T Rowe Price Associates Inc meanwhile sold more ALK shares in the recently filed quarter, changing its stake to $700,649,898 worth of shares.
Similarly, SSgA Funds Management Inc decreased its Alaska Air Group, Inc. shares by -2.02% during the recently filed quarter. After selling -83,692 shares in the last quarter, the firm now controls 4,063,524 shares of Alaska Air Group, Inc. which are valued at $250,719,431. In the same vein, AllianceBernstein LP increased its Alaska Air Group, Inc. shares by during the most recent reported quarter. The firm bought 667,511 shares during the quarter which increased its stakes to 3,251,608 shares and is now valued at $200,624,214. Following these latest developments, around 0.30% of Alaska Air Group, Inc. stocks are owned by institutional investors and hedge funds.