Caterpillar Inc. (CAT) concluded trading on Thursday at a closing price of $351.78, with 3.21 million shares of worth about $1.13 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 49.74% during that period and on May 09, 2024 the price saw a gain of about 2.11%. Currently the company’s common shares owned by public are about 499.38M shares, out of which, 488.08M shares are available for trading.
Stock saw a price change of 4.87% in past 5 days and over the past one month there was a price change of -5.45%. Year-to-date (YTD), CAT shares are showing a performance of 18.98% which increased to 64.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $205.60 but also hit the highest price of $382.01 during that period. The average intraday trading volume for Caterpillar Inc. shares is 2.34 million. The stock is currently trading 0.26% above its 20-day simple moving average (SMA20), while that difference is down -0.10% for SMA50 and it goes to 19.02% higher than SMA200.
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Caterpillar Inc. (NYSE: CAT) currently have 499.38M outstanding shares and institutions hold larger chunk of about 73.70% of that.
The stock has a current market capitalization of $172.04B and its 3Y-monthly beta is at 1.14. PE ratio of stock for trailing 12 months is 15.88, while it has posted earnings per share of $22.15 in the same period. Its PEG reads 2.30 and has Quick Ratio of 0.83 while making debt-to-equity ratio of 2.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CAT, volatility over the week remained 1.74% while standing at 2.34% over the month.
Analysts are in expectations that Caterpillar Inc. (CAT) stock would likely to be making an EPS of $5.56 in the current quarter, while forecast for next quarter EPS is $5.34 and it is $22.83 for next year. For the current quarter EPS, analysts have given the company a lowest target $5.24 which is $5.92 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $5.55 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.20% while it is estimated to increase by 5.07% in next year. EPS is likely to shrink at an annualized rate of 6.92% for next 5-years, compared to annual growth of 14.42% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on April 26, 2024 offering a Buy rating for the stock and assigned a target price range of between $338 and $340 to it. Coverage by Stifel stated Caterpillar Inc. (CAT) stock as a Hold in their note to investors on April 26, 2024, suggesting a price target of $350 for the stock. On March 14, 2024, Truist Initiated their recommendations, while on February 20, 2024, Evercore ISI Downgrade their ratings for the stock with a price target of $338. Stock get an Outperform rating from TD Cowen on February 06, 2024.
