A share price of Caterpillar Inc. [CAT] is currently trading at $328.48, up 0.74%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CAT shares have gain 0.22% over the last week, with a monthly amount drifted -0.14%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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. experienced fluctuations in its stock price throughout the past year between $223.76 and $382.01. Currently, Wall Street analysts expect the stock to reach $265.29 within the next 12 months. Caterpillar Inc. [NYSE: CAT] shares were valued at $328.48 at the most recent close of the market. An investor can expect a potential drop of -19.24% based on the average CAT price forecast.
Analyzing the CAT fundamentals
Trailing Twelve Months sales for Caterpillar Inc. [NYSE:CAT] were 67.00B which represents -0.40% decline. 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 323.92 points at the first support level, and at 319.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 330.76, and for the 2nd resistance point, it is at 333.04.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Caterpillar Inc. [NYSE:CAT] is 1.35. As well, the Quick Ratio is 0.83, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 2.40, the price to book ratio is 9.11 and price to earnings (TTM) ratio is 14.83.
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.
