Caterpillar Inc. (NYSE:CAT) traded at $148.6 at last check on Tuesday, Sep 15, making a downturn move of -3.2% on its previous day’s price.
Looking at the stock we see that its previous close was $153.51 and the beta (5Y monthly) reads 1.01 with the day’s price range being $148.36 – 154.47. The company has a 12-month trailing PE ratio of 20.01. In terms of its 52-week price range, CAT has a high of $155.48 and a low of $87.5. The company’s stock has gained about 6.17% over that past 30 days.
Caterpillar has a market cap of $78.39 Billion and is expected to release its quarterly earnings report on October 27, 2020. With its Forward Dividend at 4.12 and a yield of 2.77%, the company’s investors could be anxious for the CAT stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.12, with the EPS growth for the year declined at $5.2 for 2020 and $7.27 for next year. These figures represent -0.53% and at 0.4% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $9.76 Billion, with a low of $9.16 Billion and a high of $10.76 Billion. The median projection represents growth adding up to -23.5% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $41.6 Billion, or -22.7% down from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CAT stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 25 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 12 have rated the Caterpillar Inc. (CAT) stock as a Hold, while 10 rate it as a Buy. 2 analysts rate it as outperform while none of them rated it as underperform, whereas 1 suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CAT stock currently stands at 0, and the current price level is 2.71% off its SMA20 and 6.78% from its 50-day simple moving average. The RSI (14) is pointing at 56.39 while the volatility over the past week is 3.16% and drops to 2.54% over the past one month. The beta value is 1.01, while the average true range (ATR) is currently pointing at 3.96. The average price target for the stock over the next 12 months is $149, with the estimates having a low of $111 and a high of $202. These price ends are -25.3% and +35.94% off the current price level respectively, although investors could be excited at the prospect of a +0.94% if the CAT share price touches on the median price of $150.
Let’s briefly compare Caterpillar (CAT) stock to its peers. We find that today’s price change of -3.2% and +11.6% over the past 12 months for CAT competes that of Terex Corp (TEX), which has seen its stock price rise 0.41% in the latest trading session and is -29.14% over the last one year. Another of its peers Astec Inds Inc (ASTE) has climbed 0.52% today, and is +60.17% up over the past year, while H&E Equip Services (HEES) is also down -3.2% yet its price remains in the green at 11.6% over the same period. Terex has a P/E ratio of 33.45 compared to Caterpillar’s 20.01 and Astec’s 82.08. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.52% and 0.01%, respectively, in early deals.
Coming back to Caterpillar Inc. (NYSE:CAT), we note that the average 3-month trading volume was 3.21 Million, while that of the preceding 10-day period stands at 4.06 Million. Current shares outstanding are 541.51 Million.
According to data from Thomson Reuters, insiders hold 0.19% of the company’s shares while institutions hold 70.02%. The data shows that short shares as of August 30, 2020, stood at 7Million at a short ratio of 2.4. This represents a 1.29% Short interest in Shares outstanding on August 30, 2020. Shares short rose in August from the previous month at 6.63 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +0.62% up in year-to-date price movement.