Caterpillar Inc. [NYSE: CAT] stock went on an upward path that rose over 2.38% on Thursday, amounting to a one-week price increase of more than 2.82%.
Over the last 12 months, CAT stock rose by 24.61%. The one-year Caterpillar Inc. stock forecast points to a potential upside of 2.1. The average equity rating for CAT stock is currently 2.50, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $167.60 billion, with 499.38 million shares outstanding and 483.96 million shares in the current float. Compared to the average trading volume of 3.09M shares, CAT stock reached a trading volume of 3105263 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 $353.04 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 2.50. 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 9.72, with the Price to Sales ratio for CAT stock in the period of the last 12 months amounting to 2.53. The Price to Book ratio for the last quarter was 9.78, with the Price to Cash per share for the same quarter was set at 8.95. Price to Free Cash Flow for CAT in the course of the last twelve months was 16.68 with Quick ratio for the last quarter at 0.78.
CAT Stock Performance Analysis:
Caterpillar Inc. [CAT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.82. With this latest performance, CAT shares dropped by -3.40% in over the last four-week period, additionally plugging by 9.13% over the last 6 months – not to mention a rise of 24.61% 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 56.53, with the RSI for the last a single of trading hit 60.55, and the three-weeks RSI is set at 54.52 for Caterpillar Inc. [CAT]. The present Moving Average for the last 50 days of trading for this stock 334.25, while it was recorded at 339.26 for the last single week of trading, and 318.06 for the last 200 days.
Insight into Caterpillar Inc. Fundamentals:
Caterpillar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.78 and a Current Ratio set at 1.28.
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 5.77%.
Caterpillar Inc. [CAT] Institutonal Ownership Details
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%.
