Caterpillar Inc. | CAT

Daily Technical Analysis of Caterpillar Inc.

Caterpillar hasn't moved too much today but is slightly down, it has lost -0.22% since yesterday.

The Farm & Construction Machinery company isn't at an immediate support or resistance level that might be predictive. Caterpillar has been drifting up over the last few months, we'll see if it has the energy to keep moving in the right direction. CAT might find some support at the 255.65 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Caterpillar By Price Target And Rating

The analysts are pretty neutral on Caterpillar right now, so not much useful information here. The current Analysts Sentiment Score is 4.32. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Stifel Nicolaus downgraded from Buy to Hold on 2024-04-26 but also increased their price target by 19.45% to $350.00. TD Cowen gave a boost to their price target and moved to $340.00 from $338.00 on 2024-04-26. Oppenheimer reiterated a rating of Market Perform on 2024-04-18. On 2024-04-16 The Goldman Sachs Group increased their price target by 14.29% to $408.00. JPMorgan Chase & Co. provided a price target boost of 12.99% to $435.00 from $385.00 on 2024-04-16. On 2024-03-14 Truist Financial started covering Caterpillar with a rating of Buy and added a price target of $390.00. On 2024-02-20 there was a downgrade announced by Evercore ISI from Outperform to In-Line but also increased their price target by 5.3% to $338.00. On 2024-02-12 Citigroup increased their price target by 33.33% to $340.00. Robert W. Baird provided a price target boost of 22.38% to $257.00 from $210.00 on 2024-02-06. Wells Fargo & Company boosted their price targ by 12.07% to $325.00 on 2024-02-06.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Caterpillar

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Caterpillar

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.