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MarketScreener Homepage  >  Equities  >  Nyse  >  Caterpillar Inc.    CAT


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Caterpillar Inc. : The stock is approaching a major resistance level

11/23/2020 | 11:18am EST
long trade
Target price hit
Entry price : 175.001$ | Target : 191$ | Stop-loss : 166.5$ | Potential : 9.14%
Caterpillar Inc. shares are trading close to a major technical resistance, which, if broken, could yield new upside potential and an increase in volatility. This scenario can be anticipated.
Investors have an opportunity to buy the stock and target the $ 191.
Caterpillar Inc. : Caterpillar Inc. : The stock is approaching a major resistance level
  • The company has solid fundamentals for a short-term investment strategy.

  • There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
  • The stock is in a well-established, long-term rising trend above the technical support level at 127.46 USD

  • The stock is close to a major daily resistance at USD 173.19, which should be gotten rid of so as to gain new appreciation potential.
  • According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
  • The company is in debt and has limited leeway for investment
  • The group usually releases earnings worse than estimated.
  • For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
  • For the past year, analysts have significantly revised downwards their profit estimates.

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Financials (USD)
Sales 2020 41 460 M - -
Net income 2020 2 959 M - -
Net Debt 2020 28 249 M - -
P/E ratio 2020 35,3x
Yield 2020 2,10%
Capitalization 106 B 106 B -
EV / Sales 2020 3,23x
EV / Sales 2021 2,93x
Nbr of Employees 102 300
Free-Float 66,5%
Upcoming event on CATERPILLAR INC.
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 181,33 $
Last Close Price 194,62 $
Spread / Highest target 17,2%
Spread / Average Target -6,83%
Spread / Lowest Target -35,8%
EPS Revisions
Managers and Directors
Donald James Umpleby Chairman & Chief Executive Officer
Andrew Robert John Bonfield Chief Financial Officer
Karl E. Weiss Chief Technology Officer
Jamie Engstrom Chief Information Officer & Vice president
William A. Osborn Independent Director