Shares of Caterpillar Inc. (NYSE:CAT) traded today at $246.69, eclipsing its 52-week high. So far today approximately 980,000 shares have been exchanged, as compared to an average 30-day volume of 2.9 million shares.
Based on a current price of $243.45, Caterpillar Inc. is currently 12.7% above its average consensus analyst price target of $212.55.
Caterpillar is an iconic manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world’s largest manufacturer of heavy equipment with over 15% market share in 2020. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with over 2,000 branches maintained by 168 dealers. Caterpillar Financial Services provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.
In the past 52 weeks, Caterpillar Inc. share prices are bracketed by a low of $118.01 and a high of $246.69 and is now at $243.45, 106% above that low price.
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