Future Outlook and Stock Price Performance for Caterpillar Inc. (NYSE: CAT) – Marketing Sentinel
In the last trading session, 3.92 million shares of Caterpillar Inc. (NYSE: CAT) were traded and its beta was 0.90. More recently, the company’s stock price was $ 207.96, and it has changed about $ 4.88 or 2.40% since the last close, bringing the company’s market valuation to $ 115.81 billion. CAT is currently trading below its 52 week high of $ 246.69, offering nearly -18.62% on that amount. The stock price‘s 52-week low was $ 130.21, indicating that the current value has risen an impressive 37.39% since then. We note from Caterpillar Inc.’s average daily trading volume that its 10-day average is 3.03 million shares, with the 3-month average reaching 3.64 million.
Caterpillar Inc. stock received a consensus rating of Overweight, based on an average score of 2.60. If we take it even further, the data shows that 2 out of 26 analysts rate the stock as a sell; 2 others assess him as overweight. Of the others, 12 recommended CAT as a Hold’em, while 9 viewed it as a buy and 1 rated it as underweight. Caterpillar Inc. is expected to report earnings per share of $ 2.38 for the current quarter.
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Instantly, CAT showed a green trend with a performance of 2.40% at the end of the last session. The performance of the last five days has remained in the red. Rising from weekly highs of 215.64 on Tuesday 7/20/21 increased the daily share price by 3.56%. Shares of the company are currently up 14.25% year-to-date, but still down -3.36% in the past five days. On the other hand, Caterpillar Inc. (NYSE: CAT) is down -0.43% over the 30 day period. We can see from the shorts that 6.02 million shares were sold at a short interest coverage period of 1.82 day (s).
The consensus price target as assigned by Wall Street analysts is $ 242.95, which means that the bulls need to raise their stock price by 14.4% from its current value. Analysts’ projections indicate that the CAT is expected to hit a low of $ 125 and a high of $ 303.00. For the stock price to reach the expected high, the stock would have to plunge -45.7% from its current level, while the stock would have to collapse 39.89% from its level. current to reach the expected low.
Caterpillar Inc. (CAT) Estimates and Forecasts
Caterpillar Inc.’s stock prices perform particularly well relative to other companies in the same industry. As the statistics show, the company’s shares have risen 7.16% in the past six months and at an annual growth rate of 47.10% well above the industry average of 30.20%. Additionally, analysts have decided to postpone their revenue estimates for fiscal 2021. Rating agencies predict that it will earn 131.10% of its revenue this quarter and report an increase of 66. 40% in the following quarter. The year-over-year growth rate is expected to be 18.10%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict that the company will generate an average of $ 12.59 billion in revenue for the current quarter. 13 analysts expect Caterpillar Inc. to achieve $ 12 billion in revenue for the quarter ending September 2021. The company’s sales for the same quarters a year ago were $ 10 billion, respectively. of dollars and 9.88 billion dollars. Analysts predict the company’s current quarter sales will surge, forecast at 25.90%. Forecasts for the next quarter are for sales growth of 21.40%.
Looking at the company’s profits year over year, the past five years have shown a positive profit growth rate of 4.90%. Caterpillar Inc. profits are forecast to increase -49.00% in 2021, but the outlook is positive at 31.22% per year for the next five years.
Caterpillar Inc.’s next quarterly earnings report is expected to be released around July 29 and August 2. The stock’s annual dividend yield is 2.14% and its annual dividend per share was 4.44. It is important to note, however, that the dividend yield ratio of 2.14% should only be considered as a guide as there are many other factors to consider before making any investment decision. The average dividend yield over the past five years has averaged 2.66 per year.
Principal Owners of Caterpillar Inc. (NYSE: CAT)
Looking at the major shareholders, it appears that insiders own 0.19% of the shares of Caterpillar Inc., and 70.30% of these are held by institutional investors. The share currently has a free float of 70.44%. Caterpillar Inc. shares are held by 2,462 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. As of March 30, 2021, she held 8.45% of the shares, or approximately 46.27 million shares valued at $ 10.73 billion.
State Street Corporation, with 7.47% or 40.95 million shares worth $ 9.49 billion as of March 30, 2021, holds the second largest percentage of shares outstanding.
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The Vanguard Total Stock Market Index Fund and the Vanguard 500 Index Fund were the two largest mutual funds as of March 30, 2021. The former held 15.37 million shares worth $ 3.56 billion, or 2 , 81% of all shares outstanding. On the other hand, the Vanguard 500 Index Fund held about 11.17 million shares worth about $ 2.59 billion, which is about 2.04% of the total shares outstanding.