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In the latest session, Caterpillar Inc. (NYSE: CAT) closed at $354.79 up 0.86% from its previous closing price of $351.78. In other words, the price has increased by $0.86 from its previous closing price. On the day, 2.21 million shares were traded. CAT stock price reached its highest trading level at $357.51 during the session, while it also had its lowest trading level at $353.5226.
Ratios:
For a deeper understanding of Caterpillar Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 34.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.87. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 2.15 whereas as Long-Term Debt/Eq ratio is at 1.41.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on April 26, 2024, Reiterated its Buy rating but revised its target price to $340 from $338 previously.
On April 26, 2024, Stifel Downgraded its rating to Hold which previously was Buy and also upped its target price recommendation from $293 to $350.
On March 14, 2024, Truist started tracking the stock assigning a Buy rating and target price of $390.Truist initiated its Buy rating on March 14, 2024, with a $390 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 03 ’24 when MacLennan David bought 500 shares for $337.39 per share. The transaction valued at 168,695 led to the insider holds 5,738 shares of the business.
Fassino Anthony D. sold 4,575 shares of CAT for $1,508,835 on Feb 28 ’24. The Group President now owns 23,474 shares after completing the transaction at $329.80 per share. On Feb 23 ’24, another insider, MacLennan David, who serves as the Director of the company, bought 350 shares for $323.37 each. As a result, the insider paid 113,180 and bolstered with 5,238 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CAT now has a Market Capitalization of 173511114752 and an Enterprise Value of 207085142016. As of this moment, Caterpillar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.02, and their Forward P/E ratio for the next fiscal year is 15.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.59 while its Price-to-Book (P/B) ratio in mrq is 9.84. Its current Enterprise Value per Revenue stands at 3.091 whereas that against EBITDA is 12.998.
Stock Price History:
The Beta on a monthly basis for CAT is 1.14, which has changed by 0.6791613 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. Over the past 52 weeks, CAT has reached a high of $382.01, while it has fallen to a 52-week low of $205.60. The 50-Day Moving Average of the stock is 0.63%, while the 200-Day Moving Average is calculated to be 19.86%.
Shares Statistics:
For the past three months, CAT has traded an average of 2.34M shares per day and 2566210 over the past ten days. A total of 499.38M shares are outstanding, with a floating share count of 488.09M. Insiders hold about 0.20% of the company’s shares, while institutions hold 73.78% stake in the company. Shares short for CAT as of 1714435200 were 10818408 with a Short Ratio of 4.62, compared to 1711584000 on 13057733. Therefore, it implies a Short% of Shares Outstanding of 10818408 and a Short% of Float of 2.22.
Dividends & Splits
According to the company, the forward annual dividend rate for CAT is 5.20, from 5.2 in the trailing year. Against a Trailing Annual Dividend Yield of 0.014781966The stock’s 5-year Average Dividend Yield is 2.3. The current Payout Ratio is 25.34% for CAT, which recently paid a dividend on 2024-04-19 with an ex-dividend date of 1713484800. Stock splits for the company last occurred on 2005-07-14 when the company split stock in a 2:1 ratio.
Earnings Estimates
Currently, 17.0 analysts are dedicated to thoroughly evaluating and rating the performance of Caterpillar Inc. (CAT) in the stock market.On average, analysts expect EPS of $5.56 for the current quarter, with a high estimate of $5.92 and a low estimate of $5.24, while EPS last year was $5.55. The consensus estimate for the next quarter is $5.34, with high estimates of $5.84 and low estimates of $4.57.
Analysts are recommending an EPS of between $22.8 and $20.3 for the fiscal current year, implying an average EPS of $21.7. EPS for the following year is $22.83, with 22.0 analysts recommending between $25.29 and $20.05.
Revenue Estimates
A total of 14 analysts believe the company’s revenue will be $16.73B this quarter.It ranges from a high estimate of $17.26B to a low estimate of $15.82B. As of the current estimate, Caterpillar Inc.’s year-ago sales were $17.32BFor the next quarter, 14 analysts are estimating revenue of $16.56B. There is a high estimate of $17.3B for the next quarter, whereas the lowest estimate is $15.2B.
A total of 19 analysts have provided revenue estimates for CAT’s current fiscal year. The highest revenue estimate was $68.25B, while the lowest revenue estimate was $63.25B, resulting in an average revenue estimate of $66.24B. In the same quarter a year ago, actual revenue was $67.06BBased on 19 analysts’ estimates, the company’s revenue will be $68.97B in the next fiscal year. The high estimate is $73.77B and the low estimate is $64.3B.
