Caterpillar Inc. [NYSE: CAT] plunged by -$1.8 during the normal trading session on while it closed the day at $348.90.
Caterpillar Inc. stock has also loss -2.07% of its value over the past 7 days. However, CAT stock has inclined by 7.23% in the 3 months of the year. Over the past six months meanwhile, it has gained 41.82% and gained 18.00% year-on date.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for CAT stock reached $170.63 billion, with 499.38 million shares outstanding and 488.13 million shares in the current float. Compared to the average trading volume of 2.33M shares, CAT reached a trading volume of 2629160 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 $352.22 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 2.42. 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.
TD Cowen have made an estimate for Caterpillar Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 26, 2024. While these analysts kept the previous recommendation, Stifel raised their target price from $293 to $350. The new note on the price target was released on April 26, 2024, representing the official price target for Caterpillar Inc. stock. Previously, the target price had yet another raise to $390, while Truist analysts kept a Buy rating on CAT stock. On February 20, 2024, analysts increased their price target for CAT shares from 321 to 338.
The Average True Range (ATR) for Caterpillar Inc. is set at 8.03, with the Price to Sales ratio for CAT stock in the period of the last 12 months amounting to 2.55. The Price to Book ratio for the last quarter was 9.68, with the Price to Cash per share for the same quarter was set at 10.14. Price to Free Cash Flow for CAT in the course of the last twelve months was 16.59 with Quick ratio for the last quarter at 0.83.
CAT stock trade performance evaluation
Caterpillar Inc. [CAT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.07. With this latest performance, CAT shares gained by 3.22% in over the last four-week period, additionally plugging by 41.82% over the last 6 months – not to mention a rise of 66.38% 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 46.67, with the RSI for the last a single of trading hit 43.90, and the three-weeks RSI is set at 48.53 for Caterpillar Inc. [CAT]. The present Moving Average for the last 50 days of trading for this stock 356.59, while it was recorded at 355.47 for the last single week of trading, and 300.45 for the last 200 days.
Caterpillar Inc. [CAT]: An insightful look at the core fundamentals
Caterpillar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.83 and a Current Ratio set at 1.35.
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 6.92%.
Caterpillar Inc. [CAT]: Institutional Ownership
The top three institutional holders of CAT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CAT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CAT stock with ownership which is approximately 5.8386%.