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Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: Caterpillar (CAT), Expeditors International (EXPD) and Trex Company (TREX)

Tipranks - Thu Aug 6, 3:50AM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Caterpillar (CAT), Expeditors International (EXPD) and Trex Company (TREX).

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Caterpillar (CAT)

Barclays analyst Adam Seiden maintained a Hold rating on Caterpillar today and set a price target of $800.00. The company’s shares closed last Tuesday at $876.54.

According to TipRanks.com, Seiden is a 5-star analyst with an average return of 12.0% and a 61.9% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Manitowoc Company, and Jacobs Solutions. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $1023.75 average price target, which is an 11.0% upside from current levels. In a report issued on July 27, Erste Group also downgraded the stock to Hold.

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Expeditors International (EXPD)

In a report released today, Brandon Oglenski from Barclays maintained a Sell rating on Expeditors International, with a price target of $160.00. The company’s shares closed last Tuesday at $181.48.

According to TipRanks.com, Oglenski is a 5-star analyst with an average return of 8.7% and a 55.3% success rate. Oglenski covers the Industrial Goods sector, focusing on stocks such as Canadian Pacific Kansas City, United Airlines Holdings, and Allegiant Travel Company. ;'>

Currently, the analyst consensus on Expeditors International is a Hold with an average price target of $176.38, implying a 3.8% upside from current levels. In a report released yesterday, TD Cowen also reiterated a Sell rating on the stock with a $176.00 price target.

Trex Company (TREX)

In a report released today, Matthew Bouley from Barclays maintained a Sell rating on Trex Company, with a price target of $42.00. The company’s shares closed last Tuesday at $47.02.

According to TipRanks.com, Bouley is a 5-star analyst with an average return of 9.9% and a 57.3% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, Advanced Drainage Systems, and SiteOne Landscape Supply. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Trex Company with a $50.90 average price target.

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