Caterpillar Inc. [NYSE: CAT] closed the trading session at $379.24.
The stocks have a year to date performance of 28.26 percent and weekly performance of -1.68 percent. The stock has been moved at 14.55 percent over the last six months. The stock has performed -3.35 percent around the most recent 30 days and changed 14.39 percent over the most recent 3-months.
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If compared to the average trading volume of 2.41M shares, CAT reached to a volume of 4034337 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 $368.79 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 2.62. 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.
Morgan Stanley have made an estimate for Caterpillar Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on October 14, 2024. While these analysts kept the previous recommendation, Raymond James raised their target price to Mkt Perform. The new note on the price target was released on June 28, 2024, representing the official price target for Caterpillar Inc. stock. Previously, the target price had yet another raise to $380, while Citigroup analysts kept a Buy rating on CAT stock. On April 26, 2024, analysts increased their price target for CAT shares from 338 to 340.
The Average True Range (ATR) for Caterpillar Inc. is set at 8.36, with the Price to Sales ratio for CAT stock in the period of the last 12 months amounting to 2.77. The Price to Book ratio for the last quarter was 10.74, 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 18.31 with Quick ratio for the last quarter at 0.78.
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 -1.68. With this latest performance, CAT shares dropped by -3.35% in over the last four-week period, additionally plugging by 14.55% over the last 6 months – not to mention a rise of 56.61% 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 45.35, with the RSI for the last a single of trading hit 37.02, and the three-weeks RSI is set at 50.07 for Caterpillar Inc. [CAT]. The present Moving Average for the last 50 days of trading for this stock 370.84, while it was recorded at 386.08 for the last single week of trading, and 345.79 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 0.78 and a Current Ratio set at 1.28.
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 7.02%.
Caterpillar Inc. [CAT]: Institutional Ownership
There are presently around $72.63%, or 72.78%% of CAT stock, in the hands of institutional investors. The top three institutional holders of CAT stocks are: VANGUARD GROUP INC with ownership of 46.48 million shares, which is approximately 9.4106%. STATE STREET CORP, holding 36.61 million shares of the stock with an approximate value of $$12.2 billion in CAT stocks shares; and STATE STREET CORP, currently with $$12.06 billion in CAT stock with ownership which is approximately 7.332%.
