More To Go Or Is It Over? – Caterpillar Inc. (CAT)

Caterpillar Inc. (NYSE:CAT) does about 2.34M shares in volume on a normal day but saw 2210408 shares change hands in Friday’s trading. The company now has a market cap of 173.51B USD. Its current market price is $354.79, marking an increase of 0.86% compared to the previous close of $351.78. The 52 week high reached by this stock is $382.01 whilst the lowest price level in 52 weeks is $205.60.

Caterpillar Inc. (CAT) has a 20-day trading average at $349.31 and the current price is -7.13% off the 52-week high compared with 72.56% distance from its 52-week low. The 50-day simple moving average of the closing price is $352.99 and its 200-day simple moving average is $296.49. If we look at the stock’s price movements over the week, volatility stands at 1.57%, which increases to 2.31% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.09 to suggest the stock is neutral.

The consensus objective for the share price is $345.85, suggesting that the stock has a potential downside of -2.58% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 26, 2024 when TD Cowen reiterated the stock to “Buy” and issued a price target of between $338 and $340. Stifel downgraded the stock to “Hold” from Buy on April 26, 2024 at a price target of $293-$350. Truist initiated its price target at $390.

Caterpillar Inc. (CAT) stock is up 5.36% over the week and -4.62% over the past month. Its price is 20.00% year-to-date and 66.44% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -2.58 percent from here.

The company has a return on investment of 26.48% and return on equity of 62.86%. The price to earnings ratio (P/E ratio) amounts to 16.02 while the forward price to earnings ratio is 15.60. The beta has a value of 1.14. Price to book ratio is 9.84 and price to sales ratio is 2.59.