Caterpillar Inc. [CAT] stock Downgrade by Bernstein analyst, price target now $195
Caterpillar Corporation [NYSE: CAT] It rose 3.28% in the last trading session, reaching $167.76 per share price at the time. Company report on September 28, 2022 The Caterpillar Foundation is celebrating 70 years of global impact.
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The Foundation continues to build on seven decades of investments to transform communities into stronger, more resilient and more sustainable.
The Caterpillar Foundation, the philanthropic organization of Caterpillar Corporation (NYSE: CAT), is celebrating seven decades of helping build resilient communities. Throughout the year, the Foundation highlights its global work in workforce readiness, STEM education, sustainable natural infrastructure, access to basic services, disaster relief, employee volunteering and matching gifts, which have helped communities around the world achieve sustainable progress. Since its founding, the Caterpillar Foundation has invested $851 million to help improve the lives of people around the world.
Caterpillar represents 531.00 million shares outstanding, while the company’s total market capitalization is $91.96 billion with the latest information. CAT stock price is found in the range from $163.54 to $168.48.
If compared to the average trading volume of 2.71 million shares, CAT reached a trading volume of 3,674,373 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what top stock market experts have to say about Caterpillar Inc. [CAT]:
Based on careful, fact-backed analysis by Wall Street experts, the current consensus on a target price for CAT shares is $209.22 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for CAT stock is a set recommendation at 2.50. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Bernstein made an estimate for Caterpillar stock, keeping their opinion of the stock as Mkt Perform, with their previous recommendation back on August 3, 2022. While these analysts held the previous recommendation, Wells Fargo raised their target price to Equal Weight. The new price target note was released on March 11, 2022, which is the official target price for Caterpillar stock. Previously, the target price had another increase from $215 to $260, while Jefferies maintained a buy rating on CAT stock. On January 12, 2022, analysts raised their price target for CAT shares from 235 to 250.
The Average True Range (ATR) is set for Caterpillar Inc. at 5.42, with a price-to-sales ratio for CAT stock in the past twelve months at 1.70. The price-to-book ratio for the last quarter was 5.66, with the price-to-cash-to-cash ratio for the same quarter set at 10.97. Price to CAT Free Cash Flow for the past 12 months was 44.97 with a Q4 quick ratio of 0.90.
CAT Stock Trading Performance Analysis
Caterpillar Corporation [CAT] It fell in the red at the end of last week, fell in a negative direction and fell by -2.44. With this latest performance, CAT shares are down -12.52% over the past four-week period, and also down -24.10% over the past six months – not to mention a -16.35% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for CAT stock in the last two week period is set at 36.46, with the RSI for the last one trading at 35.43, and the three-week RSI is set at 38.43 for Caterpillar Inc. [CAT]. The current moving average for the last 50 trading days of this stock is 185.15, while it was recorded at 165.52 for the last trading week, and 201.39 for the last 200 days.
Caterpillar Corporation [CAT]A deeper look at fundamental analysis
Operating margin for any stock indicates how profitable the investment is, Caterpillar Inc. [CAT] The stock currently has an operating margin of +13.67 and a gross margin of +28.06. Net margin reported to Caterpillar Inc. Currently at +12.73.
The return on equity for this stock rose to 40.79, with the return on assets remaining at 8.06.
Caterpillar Inc.’s liquidity data is Interesting too, with the quick ratio at 0.90 and the current ratio at 1.40.
Caterpillar Corporation [CAT]Earnings per share (EPS) analysis
The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for CAT. When it comes to the stated value, analysts expect Caterpillar Inc.’s 5-year EPS growth rate to rise. to 11.82%.
Insider Ownership Analysis of Caterpillar Inc. [CAT]
There are currently approximately $62,002 million, or 71.30% of CAT’s equity, in the hands of institutional investors. The three largest corporate owners of CAT shares are: VANGUARD GROUP INC with ownership of 48,577,185, which represents approximately 0.733% of the company’s market capitalization and about 0.23% of the total institutional ownership; STATE STREET CORP, which owns 3,977,842 shares of stock with an approximate value of $6.67 billion in CAT stock; and BLACKROCK INC. , currently worth $6.16 billion in CAT stock with ownership of approximately -2.133% of the company’s market capitalization.
Positions in Caterpillar Inc. stock increased. held by institutional investors at the end of August and at the time of the report in August, as 953 institutional investors consolidated their positions in Caterpillar Inc. [NYSE:CAT] About 18,579,768 shares. In addition, 990 investors decreased their positions by 17,047,936 shares, while 334 investors held positions of 333,962,268 shares. The said changes put institutional holdings at 369,589.972 shares, according to the latest report from the Securities and Exchange Commission. CAT stock had 115 new institutional investors totaling 1,979,533 shares, while 187 institutional investors sold positions worth 1,876,480 shares during the same period.