Caterpillar Inc. (NYSE:CAT) traded at a new 52-week high today of $219.89. Approximately 1.5 million shares have changed hands today, as compared to an average 30-day volume of 3 million shares.
Caterpillar Inc. (NYSE:CAT) is currently priced 7.8% above its average consensus analyst price target of $200.02.
Caterpillar is an iconic manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world’s largest manufacturer of heavy equipment with approximately 16% of global market share in 2019. The company is divided into four reportable segments: construction industries, resource industries, energy & transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with over 2,000 branches maintained by 165 dealers. Caterpillar Financial Services provides financing to its customers and dealers, generating approximately 9% of operating profit.
Caterpillar Inc. share prices have moved between a 52-week high of $219.89 and a 52-week low of $87.50 and are now trading 148% above that low price at $216.85 per share.
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