Investor’s Update: Caterpillar Inc. (NYSE:CAT)

[PR Newswire] Caterpillar Inc. (NYSE:CAT) and the Caterpillar Foundation are making a $2.5 million investment in The Global Poverty Project (GPP). The investment will support growing the Global Citizen grassroots movement around the world to end extreme poverty by 2030."When we can put people on the path to prosperity, it gives them opportunities for education, jobs and ultimately economic growth," said Caterpillar Foundation President Michele Sullivan.Stock PerformanceTaking a look at the company’s recent performance, Caterpillar Inc. (CAT) reported Second quarter earnings for fiscal 2014 on July 24^th. The company reported actual earnings per share of $1.69 against the consensus Street estimate of $1.52. This represents year over year growth of 14.20%. Caterpillar posted revenue of $14.15 billion against estimates of $14.46 billion.Caterpillar Inc (CAT) is currently valued at $57.15 billion and closed the last trading session at $92.80. The stock has a 50-day moving average of $104.76 and a 200-day moving average of $104.69.

Is this a Buying Opportunity?There are currently twenty two analysts that we track that cover the stock. Of those twenty two, eight have a Buy rating and fourteen have a Hold rating. On a consensus basis this yields a score of 2.36 and a Hold. The combined price objective of these covering analysts is $104.06, which represents a 6.82% upside difference to the last closing price.The most recent analyst activity consisted of Morgan Stanley downgrading their equal weight stance on the company. Morgan Stanley has a price target of $100 which represents an upside of 4.6% from the last closing price. On the date of the report, the stock closed at $104.86.Another research firm weighing in recently was Zacks who reiterated their rating on the stock. On August 26^th Zacks boosted their price target on the stock from $130.00, or a 20.30% upside to the current price. On the day of the report, CAT shares closed at $108.6.Company ProfileCaterpillar Inc (NYSE:CAT) manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company’s Construction Industries segment offers construction machines and related parts, including backhoe, small wheel, skid steer, multi-terrain, medium wheel, compact track, compact wheel, and track-type loaders; mini excavators and wheel excavators, as well as small, medium, and large track excavators; small track-type and medium track-type tractors; and select work tools, motor graders, and pipelayers for the heavy construction, general construction, mining and quarry, and aggregates markets.