Dashboard

Solid News

Caterpillar Inc. Market Update

2/10/2023 1:57 PM

The stocks of one of the world's leading manufacturers of special equipment Caterpillar Inc. are trading in a corrective trend, reaching the level of 246.00.

Almost all leading analysts positively assess the further dynamics of the issuer's shares after the publication of a positive report for Q4 2022. So, analysts of Bank of America Corp. confirmed the "Outperform" rating and the target price of 295.0 dollars per share of the company for 2023 against the background of the re-opening of the Chinese market, lower capital costs and higher revenues.

Among the stable indicators of Caterpillar Inc. are sales and revenue growth for the quarter by 20.0% to 16.6B dollars, which exceeds the consensus estimate of 15.82B dollars, as well as an increase in these indicators for the year by 17.0% to 59.4B dollars. In turn, earnings per share of 3.86 dollars did not reach the consensus estimate of 4.02 dollars, but turned out to be at the level of the previous quarter, which can also be considered a positive result.

The company confirmed plans to pay quarterly dividends of 1.2 dollars per share on February 17, which corresponds to a yield of 1.90% per annum.


On the daily chart, the company's shares are trading within the ascending corridor, having approached the support line at 250.00.

Technical indicators hold the buy signal, which has weakened somewhat due to the local correction: the fast EMAs on the alligator indicator are still above the signal line, and the histogram of the AO oscillator is trading in the buy zone.

Support levels: 241.70, 226.30. | Resistance levels: 251.30, 264.30.

Find Us
Registered Address : Bonovo Road – Fomboni Island of Mohéli – Comoros Union
Sofia, PO Box 1407,14 Flip Kutev Str. Floor 2, Industrial area Hladilnika, Bulgaria
Mail Us
[email protected]
Call Us
+35 924 928 392


Risk Warnings
Solid ECN Securities LLC offers trading on Foreign Exchange (‘Forex’ or ‘FX’) and Contracts for Difference (‘CFDs’), which are complex financial products that are traded on margin. They carry a high level of risk since leverage can work both to your advantage and disadvantage. As a result, these products may not be suitable for all investors, as loss of all invested capital may occur. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and consider your investment objectives and level of experience. Seek independent advice, if necessary.
Solid ECN Securities LLC does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of a CFD. Solid ECN Securities LLC is not a financial advisor and all services are provided on an execution-only basis. This communication is not an offer or solicitation to enter into a transaction and shall not be construed as such.
This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
By using solidecn.com you agree to use our cookies to enhance your experience.
Solid ECN Securities LLC is authorized and regulated by the Comoros Union with reference number HY00623411.
Disclaimer 1: The information provided on this site is not intended for residents of any country or jurisdiction where its distribution or use would violate local laws or regulations.
Disclaimer 2: Solid ECN Securities LLC and it affiliates does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Iran, Syria, Sudan and Cuba.
Copyright All Right Reserved 2024 SolidECN.com