Caterpillar Inc. [NYSE: CAT] surged by $9.64 during the normal trading session on while it closed the day at $326.44.
Caterpillar Inc. stock has also loss -4.47% of its value over the past 7 days. However, CAT stock has declined by -4.58% in the 3 months of the year. Over the past six months meanwhile, it has gained 1.57% and gained 10.41% year-on date.
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The market cap for CAT stock reached $159.65 billion, with 499.38 million shares outstanding and 488.11 million shares in the current float. Compared to the average trading volume of 3.05M shares, CAT reached a trading volume of 4922349 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 $348.20 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 2.65. 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.
Raymond James have made an estimate for Caterpillar Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on June 28, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on June 26, 2024, representing the official price target for Caterpillar Inc. stock. Previously, the target price had yet another raise from $338 to $340, while TD Cowen kept a Buy rating on CAT stock. On April 26, 2024, analysts increased their price target for CAT shares from 293 to 350.
The Average True Range (ATR) for Caterpillar Inc. is set at 10.87, with the Price to Sales ratio for CAT stock in the period of the last 12 months amounting to 2.38. The Price to Book ratio for the last quarter was 9.05, 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 15.52 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 -4.47. With this latest performance, CAT shares dropped by -0.80% in over the last four-week period, additionally plugging by 1.57% over the last 6 months – not to mention a rise of 18.09% 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 43.29, with the RSI for the last a single of trading hit 41.26, and the three-weeks RSI is set at 44.64 for Caterpillar Inc. [CAT]. The present Moving Average for the last 50 days of trading for this stock 334.49, while it was recorded at 328.37 for the last single week of trading, and 314.89 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 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CAT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CAT stock with ownership which is approximately 5.1238%.
