Caterpillar Inc. (NYSE: CAT) Emerges As Guiding Light For Investors

Caterpillar Inc. (NYSE:CAT) currently has a daily average trading volume of 2.96M but it saw 2896632 shares traded in last market. With a market cap of 160.64B USD, the company’s current market price of $328.48 came rising about 0.74 while comparing to the previous closing price of $326.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $382.01 and as low as $223.76.

Taking a look at 20-day trading activity of Caterpillar Inc. (CAT) gives us an average price of $327.62, while its current price level is -14.01% below from 52-week high level whereas it is 46.80% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $337.50 while that of 200 days or SMA-200 reads an average of $308.11. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.67% during that period while stretching the period over a month that increases to 1.76%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 45.97 which implies that the stock is in neutral territory.

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TD Cowen issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $338 and $340.

Over the week, CAT’s stock price is moving 0.22% up while it is -0.14% when we observe its performance for the past one month. Year-to-date it is 11.10% up and over the past year, the stock is showing an upside performance of 32.02%.

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Currently, Caterpillar Inc.’s total number of outstanding shares is 499.38M. Company’s return on investment (ROI) stands at 26.48% and return on equity (ROE) at 62.86%. It has a price to earnings ratio (P/E ratio) of 14.83 while having a 14.44 of forward P/E ratio. Stock’s beta reads 1.10. Stock has a price to book (P/B) ratio of 9.11 while price to sale or P/S ratio amounts to 2.40. Its return on asset (ROA) is 13.44% on average.

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