The price of Caterpillar Inc. (NYSE:CAT) shares last traded on Wall Street rose 2.56% to $231.83.
Based on available information, 27 analysts follow Caterpillar Inc. (NYSE:CAT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $365.00 and a low of $175.00, we find $284.60. Given the previous closing price of $226.05, this indicates a potential upside of 25.9 percent. CAT stock price is now -13.83% away from the 50-day moving average and -6.06% away from the 200-day moving average. The market capitalization of the company currently stands at $118.27B.
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Among analysts, 12 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $276.41 as their price target over the next twelve months.
With the price target enhanced from $240 to $270, Citigroup maintained Neutral rating for Caterpillar Inc. (NYSE: CAT).
In other news, Fassino Anthony D., Group President sold 2,740 shares of the company’s stock on Aug 30. The stock was sold for $774,242 at an average price of $282.57. Upon completion of the transaction, the Group President now directly owns 16,182 shares in the company, valued at $3.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 29, Group President Fassino Anthony D. sold 2,923 shares of the business’s stock. A total of $815,517 was realized by selling the stock at an average price of $279.00. This leaves the insider owning 16,182 shares of the company worth $3.75 million. Insiders disposed of 465,964 shares of company stock worth roughly $108.02 million over the past 1 year. A total of 0.15% of the company’s stock is owned by insiders.
A candlestick chart of Caterpillar Inc. (NYSE: CAT) showed a price of $225.11 on Wednesday morning. During the past 12 months, Caterpillar Inc. has had a low of $204.04 and a high of $293.88. As of last week, the company has a debt-to-equity ratio of 1.81, a current ratio of 1.45, and a quick ratio of 0.92. According to the stock market information, the enterprise value for the company is $145.63B, which is based on a 13.13 price-to-earnings ratio, a 1.27 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for CAT is $269.05 and a two-hundred day moving average price translates $246.78 for the stock.
According to the Farm & Heavy Construction Machinery Company, earnings per share came in at $5.55, beating analysts’ expectations of $4.58 by 0.97. This compares to $3.13 EPS in the same period last year. The net profit margin was 13.69% and return on equity was 50.52% for CAT. The company reported revenue of $17.32 billion for the quarter, compared to $14.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.56 percent. For the current quarter, analysts expect CAT to generate $16.53B in revenue.
