Caterpillar Inc. (NYSE:CAT) saw an upside of 1.94% to close Tuesday at $257.61 after adding $4.91 on the day. The 5-day average trading volume is 3,465,160 shares of the company’s common stock. It has gained $259.05 in the past week and touched a new high 2 times within the past 5 days. An average of 2,966,605 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,017,138.
CAT’s 1-month performance is 6.57% or $17.74 on its low of $236.20 reached on 01/03/23. The company’s shares have touched a 52-week low of $160.60 and high of $260.50, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, CAT has achieved 7.53% or $18.05 and has reached a new high 8 times. However, the current price is down -1.11% from the 52-week high price.
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CAT stock investors last saw insider trading activity on Jan 09.De Lange Bob (Group President) most recently sold 11,000 shares at $250.00 per share on Jan 09. This transaction cost the insider $2,750,000. Group President, Creed Joseph E, sold 18,294 shares at a price of $249.00 on Jan 06. Then, on Dec 27, Group President Creed Joseph E sold 7,698 shares at a price of $244.00 per share. This transaction amounted to $1,878,312.
CAT stock has a beta of 1.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.33 while the price-to-book (PB) in the most recent quarter is 8.67, with the price to cash flow ratio at 48.29.
Caterpillar Inc.’s quick ratio for the period ended September 29 was 0.90, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.64, while the total debt to equity was 2.34.. In terms of profitability, the gross margin trailing 12 months is 29.90%. The firm’s gross profit as reported stood at $15.46 billion against revenue of $50.97 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 30.13% to $2.04 billion, while revenue of $1.67 billion was 18.03% off the previous quarter. Analysts expected CAT to announce $3.16 per share in earnings in its latest quarter, but it posted $3.95, representing a 25.00% surprise. EBITDA for the quarter stood at more than $3.13 billion. CAT stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 65.28 billion, with total debt at $36.52 billion. Shareholders hold equity totaling $520.41 million.
Let’s look briefly at Caterpillar Inc. (CAT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 65.22% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.75%.
The stock’s 5-day moving average is $251.72, reflecting a +0.53% or $1.35 change from its current price. CAT is currently trading +8.45% above its 20-day SMA, +37.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +14.22% and SMA200 by+19.15%.
Stochastic %K and %D was 70.30% and 59.67% and the average true range (ATR) pointed at 5.84. The RSI (14) points at 64.30%, while the 14-day stochastic is at 87.40% with the period’s ATR at 5.66. The stock’s 9-day MACD Oscillator is pointing at 0.11 and 2.86 on the 14-day charts.
In the most recent analyst report for Caterpillar Inc. (NYSE: CAT), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for CAT stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate CAT as a “sell,”, while 13 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 11 have offered a “buy” rating.
What is CAT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $190.00 and a high of $337.00, with their median price target at $252.50. Looking at these predictions, the average price target given by analysts is for Caterpillar Inc. (CAT) stock is $251.19.