At the time of writing, Caterpillar Inc. [CAT] stock is trading at $391.12, up 0.01%. An important factor to consider is whether the stock is rising or falling in short-term value. The CAT shares have gain 5.37% over the last week, with a monthly amount glided 11.23%, 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.
For the past year, the stock price of Caterpillar Inc. fluctuated between $223.76 and $397.22. Currently, Wall Street analysts expect the stock to reach $277.27 within the next 12 months. Caterpillar Inc. [NYSE: CAT] shares were valued at $391.12 at the most recent close of the market. An investor can expect a potential drop of -29.11% based on the average CAT price forecast.
Analyzing the CAT fundamentals
According to Caterpillar Inc. [NYSE:CAT], the company’s sales were 66.37B for trailing twelve months, which represents an -3.63% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.18.
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 387.71 points at the first support level, and at 384.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 393.64, and for the 2nd resistance point, it is at 396.17.
Ratios To Look Out For
It is important to note that Caterpillar Inc. [NYSE:CAT] has a current ratio of 1.28. On the other hand, the Quick Ratio is 0.78, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 2.86, the price to book ratio is 11.07 and price to earnings (TTM) ratio is 17.82.
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.
