Stocks of Caterpillar Inc. (NYSE:CAT) traded higher last session on Wall Street, down -0.49% to $356.03.
CAT stock price is now 5.22% away from the 50-day moving average and 14.87% away from the 200-day moving average. The market capitalization of the company currently stands at $174.12B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On June 26, 2024, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $380, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Johnson Cheryl H, Chief Human Resources Officer sold 1,508 shares of the company’s stock on Jul 16 ’24. The stock was sold for $527,800 at an average price of $350.00. Upon completion of the transaction, the Chief Human Resources Officer now directly owns 18,515 shares in the company, valued at $6.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30 ’24, Chief Human Resources Officer Johnson Cheryl H sold 1,508 shares of the business’s stock. A total of $512,720 was realized by selling the stock at an average price of $340.00. This leaves the insider owning 20,023 shares of the company worth $7.13 million. A total of 0.19% of the company’s stock is owned by insiders.
During the past 12 months, Caterpillar Inc. has had a low of $223.76 and a high of $382.01. As of last week, the company has a debt-to-equity ratio of 2.15, a current ratio of 1.35, and a quick ratio of 0.83. According to the stock market information, the enterprise value for the company is $207691841536, which is based on a 16.07 price-to-earnings ratio, a 2.32 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for CAT is $337.9126 and a two-hundred day moving average price translates $312.3298 for the stock.
The latest earnings results from Caterpillar Inc. (NYSE: CAT) was released for 2024-03-31. The net profit margin was 16.79% and return on equity was 62.86% for CAT. The company reported revenue of $15.8 billion for the quarter, compared to $15.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.4 percent.
