Caterpillar (CAT) has been under a strong bear grip, hence the stock is down -0.11% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.02% in the past 1 week. The stock has risen by 1.56% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.14% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.51% and the 50-Day Moving Average is 0.5%.The 200 Day SMA reached 13.2% Caterpillar Inc. is up 9.1% in the last 3-month period. Year-to-Date the stock performance stands at 24.63%.
Caterpillar (CAT) : The most positive equity analysts on Caterpillar (CAT) expects the shares to touch $98, whereas, the least positive believes that the stock will trade at $50 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $77.36 with an expected fluctuation of $12.4 from the mean.
Company shares have received an average consensus rating of Hold for the current week Caterpillar (NYSE:CAT): The stock opened at $81.62 and touched an intraday high of $82.08 on Friday. During the day, the stock corrected to an intraday low of $81.21, however, the bulls stepped in and pushed the price higher to close in the green at $82.05 with a gain of 0.02% for the day. The total traded volume for the day was 6,715,374. The stock had closed at $82.03 in the previous trading session.
Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. The Company also provides financing and related services through its Financial Products segment. It offers its products under the brand names Caterpillar, CAT, design versions of CAT and Caterpillar, Electro-Motive, FG Wilson, MaK, MWM, Perkins, Progress Rail, SEM and Solar Turbines. It operates parts distribution centers at various locations, including Morton, Illinois; Arvin, California; Denver, Colorado; Miami, Florida; Atlanta, Georgia; St. Paul, Minnesota, and Dubai, United Arab Emirates, among others. Its subsidiaries include Caterpillar Life Insurance Company, Cat Financial and Caterpillar Product Services Corporation (CPSC), among others.