Caterpillar Inc [CAT] stock prices are up 8.74% to $416.88 at the moment. 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 9.93% over the last week, with a monthly amount glided 7.45%, 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 October 14, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $332 from $349. On June 26, 2024, Citigroup initiated with a Buy rating and assigned a price target of $380 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $340 on April 26, 2024. Stifel downgraded its rating to a Hold and raised its price target to $350 on April 26, 2024. Truist started tracking with a Buy rating for this stock on March 14, 2024, and assigned it a price target of $390. In a note dated February 20, 2024, Evercore ISI downgraded an In-line rating on this stock and boosted its target price from $321 to $338.
The stock price of Caterpillar Inc [CAT] has been fluctuating between $233.57 and $403.60 over the past year. Currently, Wall Street analysts expect the stock to reach $286.23 within the next 12 months. Caterpillar Inc [NYSE: CAT] shares were valued at $416.88 at the most recent close of the market. An investor can expect a potential drop of -31.34% based on the average CAT price forecast.
Analyzing the CAT fundamentals
The Caterpillar Inc [NYSE:CAT] reported sales of 65.66B for trailing twelve months, representing a drop of -4.19%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.58 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 407.83 points at the first support level, and at 398.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 422.12, and for the 2nd resistance point, it is at 427.36.
Ratios To Look Out For
It’s worth pointing out that Caterpillar Inc [NYSE:CAT]’s Current Ratio is 1.40. In addition, the Quick Ratio stands at 0.86 and the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 3.08, the price to book ratio is 11.80 and price to earnings (TTM) ratio is 19.33.
Transactions by insiders
Recent insider trading involved Fassino Anthony D., Officer, that happened on Nov 06 ’24 when 5509.0 shares were purchased. Director, DICKINSON INVESTMENTS LLC completed a deal on Nov 06 ’24 to buy 1300.0 shares. Meanwhile, Chief Human Resources Officer Johnson Cheryl H sold 2664.0 shares on Nov 04 ’24.
