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Analysts Offer Insights on Industrial Goods Companies: Virgin Galactic Holdings (SPCE) and Caterpillar (CAT)

Tipranks - Tipranks - Tue May 19, 7:24AM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Virgin Galactic Holdings (SPCE) and Caterpillar (CAT).

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Virgin Galactic Holdings (SPCE)

Susquehanna analyst Charles Minervino maintained a Hold rating on Virgin Galactic Holdings today and set a price target of $3.00. The company’s shares closed last Friday at $2.81.

According to TipRanks.com, Minervino is a 5-star analyst with an average return of 19.3% and a 65.5% success rate. Minervino covers the NA sector, focusing on stocks such as Oil States International, Occidental Petroleum, and Baker Hughes Company. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Virgin Galactic Holdings with a $3.61 average price target, a 33.7% upside from current levels. In a report issued on May 15, TipRanks – Anthropic also upgraded the stock to Hold with a $3.00 price target.

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Caterpillar (CAT)

In a report released today, Sherif El-Sabbahy from Bank of America Securities maintained a Buy rating on Caterpillar, with a price target of $989.00. The company’s shares closed last Friday at $888.31.

According to TipRanks.com, El-Sabbahy is a 4-star analyst with an average return of 14.0% and a 52.9% success rate. El-Sabbahy covers the Industrial Goods sector, focusing on stocks such as Bowman Consulting Group, Legence Corp. Class A, and Quanta Services. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caterpillar with a $982.40 average price target, which is a 9.3% upside from current levels. In a report issued on May 11, Evercore ISI also maintained a Buy rating on the stock with a $1103.00 price target.

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