Caterpillar Inc. (CAT) Stock: What the Analysts are Saying

Caterpillar Inc. (NYSE: CAT) has a price-to-earnings ratio that is above its average at 18.11x. The stock has a 36-month beta value of 1.16. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 4 as “overweight,” 11 as “hold,” and 2 as “sell.”

The public float for CAT is 498.38M, and at present, short sellers hold a 2.90% of that float. On April 03, 2024, the average trading volume of CAT was 2.46M shares.

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CAT) stock’s latest price update

Caterpillar Inc. (NYSE: CAT)’s stock price has gone rise by 0.30 in comparison to its previous close of 363.74, however, the company has experienced a 2.49% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-02 that Caterpillar (CAT) closed the most recent trading day at $364.83, moving +0.3% from the previous trading session.

CAT’s Market Performance

CAT’s stock has risen by 2.49% in the past week, with a monthly rise of 8.35% and a quarterly rise of 23.39%. The volatility ratio for the week is 1.28% while the volatility levels for the last 30 days are 1.67% for Caterpillar Inc.. The simple moving average for the past 20 days is 4.51% for CAT’s stock, with a 29.85% simple moving average for the past 200 days.

Analysts’ Opinion of CAT

Many brokerage firms have already submitted their reports for CAT stocks, with Truist repeating the rating for CAT by listing it as a “Buy.” The predicted price for CAT in the upcoming period, according to Truist is $390 based on the research report published on March 14, 2024 of the current year 2024.

Evercore ISI, on the other hand, stated in their research note that they expect to see CAT reach a price target of $338, previously predicting the price at $321. The rating they have provided for CAT stocks is “In-line” according to the report published on February 20th, 2024.

TD Cowen gave a rating of “Outperform” to CAT, setting the target price at $338 in the report published on February 06th of the current year.

CAT Trading at 11.23% from the 50-Day Moving Average

After a stumble in the market that brought CAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.84% of loss for the given period.

Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.28%, as shares surge +7.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.88% upper at present.

During the last 5 trading sessions, CAT rose by +2.49%, which changed the moving average for the period of 200-days by +49.94% in comparison to the 20-day moving average, which settled at $350.40. In addition, Caterpillar Inc. saw 23.39% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CAT starting from Fassino Anthony D., who sale 4,575 shares at the price of $329.80 back on Feb 28 ’24. After this action, Fassino Anthony D. now owns 23,474 shares of Caterpillar Inc., valued at $1,508,835 using the latest closing price.

MacLennan David, the Director of Caterpillar Inc., purchase 350 shares at $323.37 during a trade that took place back on Feb 23 ’24, which means that MacLennan David is holding 5,238 shares at $113,180 based on the most recent closing price.

Stock Fundamentals for CAT

Current profitability levels for the company are sitting at:

  • 0.19 for the present operating margin
  • 0.35 for the gross margin

The net margin for Caterpillar Inc. stands at 0.15. The total capital return value is set at 0.25. Equity return is now at value 58.45, with 12.20 for asset returns.

Based on Caterpillar Inc. (CAT), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 1.95. The interest coverage ratio of the stock is 25.37.

Currently, EBITDA for the company is 15.97 billion with net debt to EBITDA at 2.04. When we switch over and look at the enterprise to sales, we see a ratio of 3.19. The receivables turnover for the company is 3.52for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.35.

Conclusion

To sum up, Caterpillar Inc. (CAT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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