Stock To Watch: Caterpillar, Inc. (NYSE:CAT)


The leading market experts have placed a mean price target of $72.06 on Caterpillar, Inc. (NYSE:CAT) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.02 a share for the upcoming quarter and $3.52 for the current fiscal.

Technical View

The technical analysis of Caterpillar, Inc. Common Stock plainly substantiates that the 50-day moving average of Caterpillar, Inc. Common Stock is $80.88, and stock is trading $2.96 points away or +3.66% from its 50-day moving average of $80.88. Further it is trading $8.97 or +11.98% away its 200-day moving average of $74.87. Caterpillar, Inc. (NYSE:CAT) 52-week high is $84.73 and the 52-week low is $56.36.

This explains if the stock moves $-0.89, it will post a 52-week high. In event of +48.76% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Caterpillar, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Caterpillar, Inc. (NYSE:CAT) ratio came in at 55.89.

The stock last ended the trading session at $83.84 and registered a market cap of $48.98B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Caterpillar, Inc. (NYSE:CAT) PEG ratio is at 2.34.

1 Chart Pattern Every Investor Should Know

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