Caterpillar Inc. [NYSE: CAT] stock went on a downward path that fall over -3.12% on Thursday, amounting to a one-week price decrease of less than -4.45%. The company report on March 6, 2023 that Caterpillar CEO Jim Umpleby to Participate in a Fireside Chat at CONEXPO hosted by Goldman Sachs.
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Caterpillar Inc. (NYSE: CAT) Chief Executive Officer Jim Umpleby is expected to participate in a fireside chat, hosted by Jerry Revich from Goldman Sachs, at CONEXPO on Tuesday, March 14, 2023. Mr. Umpleby is scheduled to speak beginning at approximately 9:30 a.m. PT.
Institutional investors and analysts attending CONEXPO may view the event live at the Las Vegas Convention Center in the Central Hall in room N112. The event is expected to be webcast in real-time and available to the public at https://video.ibm.com/embed/24917230.
Over the last 12 months, CAT stock rose by 14.74%. The one-year Caterpillar Inc. stock forecast points to a potential upside of 3.73. The average equity rating for CAT stock is currently 2.60, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $122.89 billion, with 517.30 million shares outstanding and 511.18 million shares in the current float. Compared to the average trading volume of 3.22M shares, CAT stock reached a trading volume of 2513530 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $250.29 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 2.60. 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.
Robert W. Baird have made an estimate for Caterpillar Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 13, 2023. While these analysts kept the previous recommendation, BofA Securities raised their target price from $217 to $295. The new note on the price target was released on January 13, 2023, representing the official price target for Caterpillar Inc. stock. Previously, the target price had yet another raise from $240 to $264, while Cowen kept a Outperform rating on CAT stock. On October 31, 2022, analysts increased their price target for CAT shares from 225 to 230.
The Average True Range (ATR) for Caterpillar Inc. is set at 6.16, with the Price to Sales ratio for CAT stock in the period of the last 12 months amounting to 2.07. The Price to Book ratio for the last quarter was 7.85, with the Price to Cash per share for the same quarter was set at 13.73. Price to Free Cash Flow for CAT in the course of the last twelve months was 30.49 with Quick ratio for the last quarter at 0.90.
CAT Stock Performance Analysis:
Caterpillar Inc. [CAT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.45. With this latest performance, CAT shares dropped by -3.48% in over the last four-week period, additionally plugging by 33.23% over the last 6 months – not to mention a rise of 14.74% 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 44.10, with the RSI for the last a single of trading hit 41.21, and the three-weeks RSI is set at 46.37 for Caterpillar Inc. [CAT]. The present Moving Average for the last 50 days of trading for this stock 248.13, while it was recorded at 249.02 for the last single week of trading, and 211.94 for the last 200 days.
Insight into Caterpillar Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Caterpillar Inc. [CAT] shares currently have an operating margin of +15.35 and a Gross Margin at +28.61. Caterpillar Inc.’s Net Margin is presently recorded at +11.28.
Return on Equity for this stock inclined to 41.45, with Return on Assets sitting at 8.14.
Caterpillar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.40.
CAT Stock EPS
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 13.22%.
Caterpillar Inc. [CAT] Insider Position Details
There are presently around $88,319 million, or 70.90% of CAT stock, in the hands of institutional investors. The top three institutional holders of CAT stocks are: VANGUARD GROUP INC with ownership of 48,701,582, which is approximately 0.264% of the company’s market cap and around 0.15% of the total institutional ownership; STATE STREET CORP, holding 39,778,535 shares of the stock with an approximate value of $9.59 billion in CAT stocks shares; and BLACKROCK INC., currently with $8.79 billion in CAT stock with ownership of nearly -0.242% of the company’s market capitalization.
Positions in Caterpillar Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 1,149 institutional holders increased their position in Caterpillar Inc. [NYSE:CAT] by around 19,447,817 shares. Additionally, 897 investors decreased positions by around 15,002,838 shares, while 335 investors held positions by with 332,077,533 shares. The mentioned changes placed institutional holdings at 366,528,188 shares, according to the latest SEC report filing. CAT stock had 377 new institutional investments in for a total of 3,871,616 shares, while 88 institutional investors sold positions of 3,643,685 shares during the same period.