Caterpillar Inc. [NYSE: CAT] closed the trading session at $180.99 on 07/21/22. The day’s price range saw the stock hit a low of $176.48, while the highest price level was $181.07. The company report on July 19, 2022 that Caterpillar Inc. to Announce Second-Quarter 2022 Financial Results on August 2.
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Caterpillar Inc. (NYSE: CAT) will release second-quarter 2022 financial results at 5:30 a.m. CDT on Tuesday, August 2. The release will be available at investors.caterpillar.com/financials/quarterly-results, and the full text of the news release will also be available on PR Newswire at approximately 5:30 a.m. CDT. The release will be furnished to the U.S. Securities and Exchange Commission (SEC) via a Current Report on Form 8-K in compliance with applicable SEC rules.
The stocks have a year to date performance of -12.46 percent and weekly performance of 6.50 percent. The stock has been moved at -18.35 percent over the last six months. The stock has performed -7.83 percent around the most recent 30 days and changed -23.01 percent over the most recent 3-months.
If compared to the average trading volume of 3.23M shares, CAT reached to a volume of 2209900 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Caterpillar Inc. [CAT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CAT shares is $227.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CAT stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Caterpillar Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on March 11, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price from $215 to $260. The new note on the price target was released on March 08, 2022, representing the official price target for Caterpillar Inc. stock. Previously, the target price had yet another raise from $235 to $250, while UBS kept a Buy rating on CAT stock.
The Average True Range (ATR) for Caterpillar Inc. is set at 6.00, with the Price to Sales ratio for CAT stock in the period of the last 12 months amounting to 1.80. The Price to Book ratio for the last quarter was 5.67, with the Price to Cash per share for the same quarter was set at 12.48. Price to Free Cash Flow for CAT in the course of the last twelve months was 46.29 with Quick ratio for the last quarter at 0.90.
CAT stock trade performance evaluation
Caterpillar Inc. [CAT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.50. With this latest performance, CAT shares dropped by -7.83% in over the last four-week period, additionally sinking by -18.35% over the last 6 months – not to mention a drop of -14.11% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CAT stock in for the last two-week period is set at 45.52, with the RSI for the last a single of trading hit 52.22, and the three-weeks RSI is set at 43.31 for Caterpillar Inc. [CAT]. The present Moving Average for the last 50 days of trading for this stock 197.01, while it was recorded at 177.46 for the last single week of trading, and 205.16 for the last 200 days.
Caterpillar Inc. [CAT]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Caterpillar Inc. [CAT] shares currently have an operating margin of +13.67 and a Gross Margin at +28.06. Caterpillar Inc.’s Net Margin is presently recorded at +12.73.
Return on Equity for this stock inclined to 40.79, with Return on Assets sitting at 8.06.
Caterpillar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.40.
Earnings per share (EPS) analysis for Caterpillar Inc. [CAT] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CAT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Caterpillar Inc. go to 14.99%.
Caterpillar Inc. [CAT]: Insider Ownership positions
There are presently around $66,280 million, or 70.70% of CAT stock, in the hands of institutional investors. The top three institutional holders of CAT stocks are: VANGUARD GROUP INC with ownership of 48,223,787, which is approximately 1.396% of the company’s market cap and around 0.10% of the total institutional ownership; STATE STREET CORP, holding 40,808,438 shares of the stock with an approximate value of $7.34 billion in CAT stocks shares; and BLACKROCK INC., currently with $6.75 billion in CAT stock with ownership of nearly 2.719% of the company’s market capitalization.
Positions in Caterpillar Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 1,067 institutional holders increased their position in Caterpillar Inc. [NYSE:CAT] by around 27,614,512 shares. Additionally, 888 investors decreased positions by around 20,844,329 shares, while 322 investors held positions by with 319,822,609 shares. The mentioned changes placed institutional holdings at 368,281,450 shares, according to the latest SEC report filing. CAT stock had 153 new institutional investments in for a total of 5,590,610 shares, while 140 institutional investors sold positions of 2,410,329 shares during the same period.