Caterpillar Inc. (NYSE: CAT) is 7.53% higher on its value in year-to-date trading and has touched a low of $160.60 and a high of $260.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CAT stock was last observed hovering at around $252.70 in the last trading session, with the day’s gains setting it 4.91% off its average median price target of $252.50 for the next 12 months. It is also 23.56% off the consensus price target high of $337.00 offered by 27 analysts, but current levels are -35.58% lower than the price target low of $190.00 for the same period.
Currently trading at $257.61, the stock is 4.56% and 7.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.5 million and changing 1.94% at the moment leaves the stock 24.74% off its SMA200. CAT registered 20.33% gain for a year compared to 6-month gain of 41.69%.
The stock witnessed a 6.57% loss in the last 1 month and extending the period to 3 months gives it a 35.43%, and is 0.53% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.63% over the week and 2.13% over the month.
Caterpillar Inc. (CAT) has around 107700 employees, a market worth around $131.94B and $56.63B in sales. Current P/E ratio is 18.82 and Fwd P/E is 16.84. Profit margin for the company is 13.00%. Distance from 52-week low is 60.40% and -1.11% from its 52-week high. The company has generated returns on investments over the last 12 months (9.40%).
Caterpillar Inc. (CAT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Caterpillar Inc. (CAT) is a “Overweight”. 27 analysts offering their recommendations for the stock have an average rating of 2.60, where 13 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Caterpillar Inc. is expected to release its quarterly report on 04/27/2023.The EPS is expected to grow by 121.20% this year.
Caterpillar Inc. (CAT) Top Institutional Holders
The shares outstanding are 525.00M, and float is at 519.28M with Short Float at 1.55%.
Caterpillar Inc. (CAT) Insider Activity
A total of 16 insider transactions have happened at Caterpillar Inc. (CAT) in the last six months, with sales accounting for 10 and purchases happening 6 times. The most recent transaction is an insider sale by De Lange Bob,the company’sGroup President. SEC filings show that De Lange Bob sold 11,000 shares of the company’s common stock on Jan 09 at a price of $250.00 per share for a total of $2.75 million. Following the sale, the insider now owns 44559.0 shares.
Caterpillar Inc. disclosed in a document filed with the SEC on Jan 06 that Creed Joseph E (Group President) sold a total of 18,294 shares of the company’s common stock. The trade occurred on Jan 06 and was made at $249.00 per share for $4.56 million. Following the transaction, the insider now directly holds 0.0 shares of the CAT stock.
Still, SEC filings show that on Dec 27, Creed Joseph E (Group President) disposed off 7,698 shares at an average price of $244.00 for $1.88 million. The insider now directly holds 0 shares of Caterpillar Inc. (CAT).
Caterpillar Inc. (CAT): Who are the competitors?
The company’s main competitors (and peers) include Deere & Company (DE) that is trading 14.38% up over the past 12 months.