Caterpillar Inc. [CAT] stock is trading at $327.76, down -0.40%. 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 0.11% over the last week, with a monthly amount drifted -3.18%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Citigroup started tracking the stock with Buy rating on June 26, 2024, and set its price target to $380. On April 26, 2024, TD Cowen reiterated its Buy rating and revised its price target to $340 on the stock. Stifel downgraded its rating to a Hold and increased its price target to $350 on April 26, 2024. Truist initiated its recommendation with a Buy and recommended $390 as its price target on March 14, 2024. Evercore ISI downgraded its rating to In-line for this stock on February 20, 2024, and upped its price target to $338. In a note dated February 06, 2024, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $300 to $338.
Caterpillar Inc. [CAT] stock has fluctuated between $223.76 and $382.01 over the past year. Currently, Wall Street analysts expect the stock to reach $265.29 within the next 12 months. Caterpillar Inc. [NYSE: CAT] shares were valued at $327.76 at the most recent close of the market. An investor can expect a potential drop of -19.06% based on the average CAT price forecast.
Analyzing the CAT fundamentals
Caterpillar Inc. [NYSE:CAT] reported sales of 67.00B for the trailing twelve months, which represents a drop of -0.40%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.59 and Total Capital is 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.15.
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 325.53 points at the first support level, and at 323.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 330.04, and for the 2nd resistance point, it is at 332.32.
Ratios To Look Out For
For context, Caterpillar Inc.’s Current Ratio is 1.35. Also, the Quick Ratio is 0.83, while the Cash Ratio stands at 0.15. Considering the valuation of this stock, the price to sales ratio is 2.39, the price to book ratio is 9.09 and price to earnings (TTM) ratio is 14.80.
Transactions by insiders
Recent insider trading involved Johnson Cheryl H, Chief Human Resources Officer, that happened on May 30 ’24 when 1508.0 shares were sold. Director, Johnson Gerald completed a deal on May 20 ’24 to buy 100.0 shares. Meanwhile, Group President De Lange Bob sold 21847.0 shares on May 13 ’24.
