Caterpillar Inc. [CAT] stock prices are up 1.37% to $340.22 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CAT shares have gain 1.87% over the last week, with a monthly amount glided 5.42%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Caterpillar Inc. [NYSE: CAT] stock has seen the most recent analyst activity on February 20, 2024, when Evercore ISI downgraded its rating to a In-line and also boosted its price target to $338 from $321. Previously, TD Cowen reaffirmed its Outperform rating on February 06, 2024, and elevated its price target to $338. On January 08, 2024, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $270 on the stock. HSBC Securities started tracking the stock assigning a Hold rating and suggested a price target of $250 on November 20, 2023. Citigroup reiterated its recommendation of a Neutral and raised its price target to $270 on July 17, 2023. DA Davidson started tracking with a Neutral rating for this stock on June 22, 2023, and assigned it a price target of $263. In a note dated March 27, 2023, Robert W. Baird downgraded an Underperform rating on this stock and revised its target price from $230 to $185.
The stock price of Caterpillar Inc. [CAT] has been fluctuating between $204.04 and $340.26 over the past year. Currently, Wall Street analysts expect the stock to reach $249.58 within the next 12 months. Caterpillar Inc. [NYSE: CAT] shares were valued at $340.22 at the most recent close of the market. An investor can expect a potential drop of -26.64% based on the average CAT price forecast.
Analyzing the CAT fundamentals
The Caterpillar Inc. [NYSE:CAT] reported sales of 67.06B for trailing twelve months, representing a surge of 2.85%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.54 and Total Capital is 0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.95.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 338.32 points at the first support level, and at 336.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 342.23, and for the 2nd resistance point, it is at 344.24.
Caterpillar Inc. [CAT] reported earnings per share of $5.23 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $4.75/share, meaning a difference of $0.48 and a surprise factor of 10.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $5.52 per share as compared to estimates of $4.79 per share, a difference of $0.73 representing a surprise of 15.20%.
Ratios To Look Out For
It’s worth pointing out that Caterpillar Inc. [NYSE:CAT]’s Current Ratio is 1.35. Also, the Quick Ratio is 0.87, while the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 2.53, the price to book ratio is 8.72 and price to earnings (TTM) ratio is 16.89.
Transactions by insiders
Recent insider trading involved Fassino Anthony D., Group President, that happened on Feb 28 ’24 when 4575.0 shares were sold. Director, MacLennan David completed a deal on Feb 23 ’24 to buy 350.0 shares. Meanwhile, Group President Fassino Anthony D. sold 4494.0 shares on Feb 22 ’24.
