Caterpillar Inc. (CAT) concluded trading on Wednesday at a closing price of $379.24, with 4.03 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 14.55% during that period and on October 30, 2024 the price saw a loss of about -2.13%. Currently the company’s common shares owned by public are about 499.38M shares, out of which, 483.94M shares are available for trading.
Stock saw a price change of -1.68% in past 5 days and over the past one month there was a price change of -3.35%. Year-to-date (YTD), CAT shares are showing a performance of 28.26% which increased to 56.61% 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 $403.60 during that period. The average intraday trading volume for Caterpillar Inc. shares is 2.41 million. The stock is currently trading -3.11% below its 20-day simple moving average (SMA20), while that difference is up 2.27% for SMA50 and it goes to 9.67% higher than SMA200.
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Caterpillar Inc. (NYSE: CAT) currently have 499.38M outstanding shares and institutions hold larger chunk of about 72.30% of that.
The stock has a current market capitalization of $183.89B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 17.27, while it has posted earnings per share of $21.95 in the same period. Its PEG reads 2.46 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 2.30% while standing at 1.83% over the month.
Stock’s fiscal year EPS is expected to rise by 3.96% while it is estimated to increase by 2.14% in next year. EPS is likely to shrink at an annualized rate of 7.02% 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 Morgan Stanley on October 14, 2024 offering an Underweight rating for the stock and assigned a target price range of between $349 and $332 to it. On June 26, 2024, Citigroup Initiated their recommendations, while on April 26, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $340. Stock get a Hold rating from Stifel on April 26, 2024.
