A share price of Caterpillar Inc. [CAT] is currently trading at $371.17, up 0.64%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CAT shares have gain 6.67% over the last week, with a monthly amount glided 8.42%, and 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. 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 $277.27 within the next 12 months. Caterpillar Inc. [NYSE: CAT] shares were valued at $371.17 at the most recent close of the market. An investor can expect a potential drop of -25.3% based on the average CAT price forecast.
Analyzing the CAT fundamentals
Trailing Twelve Months sales for Caterpillar Inc. [NYSE:CAT] were 66.37B which represents -3.63% decline. Gross Profit Margin for this corporation currently stands at 0.36% 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 0.28. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.18.
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 367.77 points at the first support level, and at 364.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 373.77, and for the 2nd resistance point, it is at 376.37.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Caterpillar Inc. [NYSE:CAT] is 1.28. In addition, the Quick Ratio stands at 0.78 and the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 2.71, the price to book ratio is 10.51 and price to earnings (TTM) ratio is 16.91.
Transactions by insiders
Recent insider trading involved Johnson Gerald, Director, that happened on Sep 04 ’24 when 100.0 shares were purchased. Group President, Fassino Anthony D. completed a deal on Aug 30 ’24 to sell 3185.0 shares. Meanwhile, Officer Fassino Anthony D. bought 3185.0 shares on Aug 30 ’24.
