Caterpillar Inc (NYSE: CAT) has a higher price-to-earnings ratio of 18.22x compared to its average ratio. CAT has 36-month beta value of 1.09. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 4 as “overweight,” 11 as “hold,” and 2 as “sell.”
The public float for CAT is 481.86M, and currently, short sellers hold a 2.20% ratio of that float. The average trading volume of CAT on November 13, 2024 was 2.34M shares.
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CAT) stock’s latest price update
Caterpillar Inc (NYSE: CAT)’s stock price has decreased by -0.89 compared to its previous closing price of 396.54. However, the company has seen a 2.51% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-12 that The Zacks Industry Rank for the Manufacturing – Construction and Mining industry paints a dull picture. We believe that stocks like CAT and KMTUY are still worth a look.
CAT’s Market Performance
CAT’s stock has risen by 2.51% in the past week, with a monthly drop of -0.24% and a quarterly rise of 16.42%. The volatility ratio for the week is 2.53% while the volatility levels for the last 30 days are 2.01% for Caterpillar Inc The simple moving average for the last 20 days is 0.76% for CAT stock, with a simple moving average of 12.19% for the last 200 days.
Analysts’ Opinion of CAT
Many brokerage firms have already submitted their reports for CAT stocks, with Morgan Stanley repeating the rating for CAT by listing it as a “Underweight.” The predicted price for CAT in the upcoming period, according to Morgan Stanley is $332 based on the research report published on October 14, 2024 of the current year 2024.
Citigroup gave a rating of “Buy” to CAT, setting the target price at $380 in the report published on June 26th of the current year.
CAT Trading at 3.79% 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 -6.09% of loss for the given period.
Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 2.53%, as shares surge +1.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.51% upper at present.
During the last 5 trading sessions, CAT rose by +2.51%, which changed the moving average for the period of 200-days by +29.60% in comparison to the 20-day moving average, which settled at $390.04. In addition, Caterpillar Inc saw 32.92% 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 De Lange Bob, who sale 12,657 shares at the price of $410.25 back on Nov 07 ’24. After this action, De Lange Bob now owns 71,107 shares of Caterpillar Inc, valued at $5,192,561 using the latest closing price.
De Lange Bob, the Officer of Caterpillar Inc, proposed sale 12,657 shares at $383.37 during a trade that took place back on Nov 07 ’24, which means that De Lange Bob is holding shares at $4,852,314 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 0.16. The total capital return value is set at 0.25. Equity return is now at value 53.54, with 12.34 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 0.33. The debt to equity ratio resting at 1.95. The interest coverage ratio of the stock is 25.49.
Currently, EBITDA for the company is 15.97 billion with net debt to EBITDA at 2.05. When we switch over and look at the enterprise to sales, we see a ratio of 3.38. The receivables turnover for the company is 3.47for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
To put it simply, Caterpillar Inc (CAT) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
