The trading price of Caterpillar Inc. (NYSE:CAT) floating higher at last check on Tuesday, July 16, closing at $355.08, 2.69% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 16.03. In examining the 52-week price action we see that the stock hit a 52-week high of $382.01 and a 52-week low of $223.76. Over the past month, the stock has gained 8.80% in value.
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Caterpillar Inc., whose market valuation is $173.65 billion at the time of this writing. The dividend yield on the company stock is 1.46%, while its Forward Dividend ratio is 5.20. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 5.56 per share this quarter, however they have predicted annual earnings per share of 21.66 for current year and 22.72 for next year.
Analysts have forecast the company to bring in revenue of 16.73B for the current quarter, with the likely lows of 15.82B and highs of 17.26B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 66.23B.
On the technical side, indicators suggest CAT has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.32, which symbolizes a positive outlook. A quick review shows that CAT’s price is currently 7.89% off the SMA20 and 5.23% off the SMA50. The RSI metric on the 14-day chart is currently showing 71.59, and weekly volatility stands at 1.88%. When measured over the past 30 days, the indicator reaches 1.79%. Caterpillar Inc. (NYSE:CAT)’s beta value is currently sitting at 1.11, while the Average True Range indicator is currently displaying 6.99.
To see how Caterpillar Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: CAT stock’s performance was 2.69% at last check in today’s session, and 38.91% in the past year. Caterpillar Inc. has a P/E ratio of 16.03.
An evaluation of the daily trading volume of Caterpillar Inc. (NYSE:CAT) indicates that the 3-month average is 3.00 million.
Currently, records show that 499.38 million of the company’s shares remain outstanding. The insiders hold 0.19% of outstanding shares, whereas institutions hold 72.96%. However, since the stock’s price has seen 20.09% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
