Caterpillar Inc (NYSE:CAT) shares traded 0.08% up during most recent session to reach at the closing price of $100.22. The stock exchanged hands 5.89 Million shares versus average trading capacity of 5.67 Million shares, yielding a market cap of $59.04 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $106.69 within the next 52-weeks. The mean target projections are based on 21 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Caterpillar Inc (NYSE:CAT) high price target of $128 and with a conservative view have low price target of $80.
Bank of America “Upgrades” Caterpillar Inc (NYSE:CAT) in a research note issued to investors on 5/11/17 to Buy with price target of $120.
Additionally on 3/16/17 Tigress Financial “Upgrades” Caterpillar Inc (NYSE:CAT) to Neutral setting price target at $0 and on 2/10/17 Evercore ISI Group “Upgrades” the stock to Buy at $0. Furthermore on 2/07/17 Barclays “Upgrades” the stock to Overweight at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 55.14 along with Average True Range (ATR 14) of 1.96, Consequently Caterpillar Inc (NYSE:CAT)’s weekly and monthly volatility is 1.64%, 1.65% respectively. The company’s beta value is at 1.2.
In terms of Buy, Sell or Hold recommendations, Caterpillar Inc (NYSE:CAT) has analysts’ mean recommendation of 2.6. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Caterpillar Inc (NYSE:CAT)’s minimum EPS for the current quarter is at $0.84 and can go high up to $1.45. The consensus mean EPS for the current quarter is at $1.12 derived from a total of 18 estimates from the analysts who have weighed in on projected earnings. However the company reported $1.09 earnings per share for the same quarter during last year.
Previously Caterpillar Inc (NYSE:CAT) reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.66. The company posted an earnings surprise of 106.5%.
Caterpillar Inc (NYSE:CAT)’s revenue estimates for the current quarter are $10.71 Billion according to 13 number of analysts, for the current quarter the company has high revenue estimates of $11.34 Billion in contradiction of low revenue estimates of $9.91 Billion. For the current year the company’s revenue estimates are $40.21 Billion compared to low analyst estimates of $38.03 Billion and high estimates of $42.86 Billion according to 16 number of analysts.
Currently Caterpillar Inc (NYSE:CAT)’s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 73%. However the six-month change in the insider ownership was recorded -0.49%, as well as three-month change in the institutional ownership was recorded -1.26%.
Caterpillar Inc (NYSE:CAT) 52-week high price stands at $105.98 and low price stands at $66.67, its price distance from 52-week high is -5.43% while its distance from 52-week low price is 50.32%. The stock hit its 52-week high on 04/26/17, and 52-week low on 05/23/16.
Caterpillar Inc (NYSE:CAT)’s trailing twelve month revenues are $38.9 Billion, whereas its price to sales ratio for the same period is 1.52. Its book value per share for the most recent quarter is $23.13 while its price to book ratio for the same period is 4.33, as for as the company’s cash per share for the most recent quarter is $16.03, however its price to cash per share ratio for the same period is 6.25. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.