At the time of writing, Caterpillar Inc [CAT] stock is trading at $407.83, up 0.54%. 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 4.41%, 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 November 13, 2024, when Evercore ISI downgraded its rating to a Underperform and also boosted its price target to $365 from $321. Previously, Morgan Stanley downgraded its rating to Underweight on October 14, 2024, and dropped its price target to $332. On June 28, 2024, Raymond James initiated with a Mkt Perform rating. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $380 on June 26, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $340 on April 26, 2024. Stifel downgraded its rating to Hold for this stock on April 26, 2024, and upped its price target to $350. In a note dated March 14, 2024, Truist initiated an Buy rating and provided a target price of $390 on this stock.
For the past year, the stock price of Caterpillar Inc fluctuated between $246.01 and $418.50. Currently, Wall Street analysts expect the stock to reach $286.23 within the next 12 months. Caterpillar Inc [NYSE: CAT] shares were valued at $407.83 at the most recent close of the market. An investor can expect a potential drop of -29.82% based on the average CAT price forecast.
Analyzing the CAT fundamentals
According to Caterpillar Inc [NYSE:CAT], the company’s sales were 65.66B for trailing twelve months, which represents an -4.19% 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 0.2%, 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.95.
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 403.59 points at the first support level, and at 399.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 410.24, and for the 2nd resistance point, it is at 412.65.
Ratios To Look Out For
It is important to note that Caterpillar Inc [NYSE:CAT] has a current ratio of 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 3.00, the price to book ratio is 10.15 and price to earnings (TTM) ratio is 18.91.
Transactions by insiders
Recent insider trading involved BONFIELD ANDREW R J, Chief Financial Officer, that happened on Nov 25 ’24 when 10000.0 shares were sold. Officer, Andrew Bonfield completed a deal on Nov 25 ’24 to buy 20000.0 shares. Meanwhile, Director SCHWAB SUSAN C sold 2.0 shares on Nov 15 ’24.
