Caterpillar Inc. (CAT) concluded trading on Thursday at a closing price of $390.96, with 3.9 million shares of worth about $1.53 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.22% during that period and on September 26, 2024 the price saw a gain of about 3.36%. Currently the company’s common shares owned by public are about 499.38M shares, out of which, 483.95M shares are available for trading.
Stock saw a price change of 4.73% in past 5 days and over the past one month there was a price change of 11.35%. Year-to-date (YTD), CAT shares are showing a performance of 32.23% which increased to 45.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $223.76 but also hit the highest price of $389.43 during that period. The average intraday trading volume for Caterpillar Inc. shares is 2.68 million. The stock is currently trading 11.41% above its 20-day simple moving average (SMA20), while that difference is up 13.28% for SMA50 and it goes to 17.54% higher than SMA200.
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Caterpillar Inc. (NYSE: CAT) currently have 499.38M outstanding shares and institutions hold larger chunk of about 72.23% of that.
The stock has a current market capitalization of $189.58B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 17.81, while it has posted earnings per share of $21.95 in the same period. Its PEG reads 3.36 and has Quick Ratio of 0.78 while making debt-to-equity ratio of 2.18. 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 2.29% while standing at 2.34% over the month.
Stock’s fiscal year EPS is expected to rise by 4.22% while it is estimated to increase by 3.66% in next year. EPS is likely to shrink at an annualized rate of 5.30% for next 5-years, compared to annual growth of 14.42% made by the stock over the past 5-years.
Coverage by Citigroup stated Caterpillar Inc. (CAT) stock as a Buy in their note to investors on June 26, 2024, suggesting a price target of $380 for the stock. On April 26, 2024, TD Cowen Reiterated their recommendations, while on April 26, 2024, Stifel Downgrade their ratings for the stock with a price target of $350. Stock get a Buy rating from Truist on March 14, 2024.
