Caterpillar Inc. (NYSE: CAT) has a higher price-to-earnings ratio of 15.50x compared to its average ratio, The 36-month beta value for CAT is at 1.09. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 11 as “hold,” and 2 as “sell.”
The public float for CAT is 483.95M, and currently, shorts hold a 2.24% of that float. The average trading volume for CAT on September 04, 2024 was 3.00M shares.
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CAT) stock’s latest price update
The stock price of Caterpillar Inc. (NYSE: CAT) has dropped by -4.45 compared to previous close of 356.10. Despite this, the company has seen a fall of -3.11% in its stock price over the last five trading days. zacks.com reported 2024-09-03 that Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Focus List, a top feature of the Zacks Premium portfolio service.
CAT’s Market Performance
Caterpillar Inc. (CAT) has experienced a -3.11% fall in stock performance for the past week, with a 6.04% rise in the past month, and a 2.68% rise in the past quarter. The volatility ratio for the week is 2.49%, and the volatility levels for the past 30 days are at 2.31% for CAT. The simple moving average for the last 20 days is -0.29% for CAT’s stock, with a simple moving average of 4.96% for the last 200 days.
Analysts’ Opinion of CAT
Citigroup, on the other hand, stated in their research note that they expect to see CAT reach a price target of $380. The rating they have provided for CAT stocks is “Buy” according to the report published on June 26th, 2024.
TD Cowen gave a rating of “Buy” to CAT, setting the target price at $340 in the report published on April 26th of the current year.
CAT Trading at 0.43% 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 -10.93% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares surge +7.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.78% upper at present.
During the last 5 trading sessions, CAT fell by -3.11%, which changed the moving average for the period of 200-days by +37.27% in comparison to the 20-day moving average, which settled at $342.42. In addition, Caterpillar Inc. saw 15.07% 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 3,185 shares at the price of $351.36 back on Aug 30 ’24. After this action, Fassino Anthony D. now owns 33,442 shares of Caterpillar Inc., valued at $1,119,082 using the latest closing price.
Fassino Anthony D., the Officer of Caterpillar Inc., proposed sale 3,185 shares at $351.36 during a trade that took place back on Aug 30 ’24, which means that Fassino Anthony D. is holding shares at $1,119,083 based on the most recent closing price.
Stock Fundamentals for CAT
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.36 for the gross margin
The net margin for Caterpillar Inc. stands at 0.17. The total capital return value is set at 0.28. Equity return is now at value 62.25, with 13.04 for asset returns.
Based on Caterpillar Inc. (CAT), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 2.18. The interest coverage ratio of the stock is 25.86.
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 2.98. The receivables turnover for the company is 3.46for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.
Conclusion
In conclusion, Caterpillar Inc. (CAT) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
