How high will Caterpillar stock go? (2024)

How high will Caterpillar stock go?

Stock Price Forecast

What will CAT stock be worth in 5 years?

Caterpillar stock price stood at $357.93

According to the latest long-term forecast, Caterpillar price will hit $450 by the end of 2024 and then $600 by the middle of 2025. Caterpillar will rise to $800 within the year of 2026, $900 in 2027, $1000 in 2028, $1100 in 2029, $1200 in 2031, $1300 in 2033 and $1400 in 2034.

What is the forecast for Caterpillar stock?

The average price target for Caterpillar is $327.47. This is based on 18 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $395.00 ,the lowest forecast is $245.00.

What is the stock price forecast for Caterpillar in 2025?

Is Caterpillar a good buy right now?

Is Caterpillar stock a Buy, Sell or Hold? Caterpillar stock has received a consensus rating of buy. The average rating score is A2 and is based on 27 buy ratings, 22 hold ratings, and 12 sell ratings.

What is the outlook for Caterpillar in 2024?

Sales are expected to moderate in 2024 and adjusted operating profit margins could decline somewhat following an increase of approximately 500 bps in 2023. However, margins are likely to remain above levels in previous cycles at similar sales volumes as CAT continues to focus on operating flexibility.

Is CAT a good long term stock?

CAT is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. CAT has a Growth Style Score of B, forecasting year-over-year earnings growth of 48.8% for the current fiscal year.

Is it safe to invest in Caterpillar?

Caterpillar can still outperform expectations

First, Caterpillar is a cyclical stock whose earnings prospects depend on conditions in its end markets. These conditions can change throughout the year. Indeed, the company's actual earnings exceeded Wall Street estimates in every quarter of 2023.

Is Caterpillar a buy, sell, or hold?

The Caterpillar Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.

Who is the biggest shareholder of Caterpillar?

The Vanguard Group, Inc. is currently the company's largest shareholder with 9.7% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 7.6% and 6.7%, of the shares outstanding, respectively.

Will Caterpillar stock go up?

Caterpillar Stock Forecast

The 17 analysts with 12-month price forecasts for Caterpillar stock have an average target of 305.47, with a low estimate of 191 and a high estimate of 435. The average target predicts a decrease of -15.12% from the current stock price of 359.88.

Is Caterpillar a good dividend stock?

Over the past three years, Caterpillar Inc's annual dividend growth rate was 6.90%. Extended to a five-year horizon, this rate increased to 8.60% per year. And over the past decade, Caterpillar Inc's annual dividends per share growth rate stands at 8.40%.

Why is Caterpillar stock soaring?

The truth, however, is that Caterpillar is enjoying robust industry tailwinds. The construction equipment and heavy machinery industry is benefiting significantly due to record infrastructure investment, mainly backed by unprecedented government spending.

Which stock is better John Deere or Caterpillar?

Deere shares are up 5% over the last three months and down 4% over the last 12 months. Meanwhile, Caterpillar stock has soared 38% over the last three months, pulling its one-year return into the green at 33%. After Caterpillar's sizable rally over the last few months, it's trading at a significant premium to Deere.

Why should I buy Caterpillar stock?

Caterpillar's valuation

The stock is an excellent value based on its trailing earnings and free cash flow (FCF). For example, earnings per share (EPS) of $21.21 puts it on just 15.2 times earnings, and machine, energy & transportation (ME&T) FCF of $10 billion puts it on 16.4 times FCF.

How often does Caterpillar pay dividends?

Caterpillar Inc. ( CAT ) pays dividends on a quarterly basis.

What is Caterpillar's goal for 2026?

SERVICES. Services make our customers more successful. Services growth is a core focus of our strategy. We have a bold goal to double our Machinery, Energy and Transportation (ME&T) services sales to $28 billion by 2026 from our 2016 baseline.

What state is Caterpillar moving to?

Caterpillar to Relocate Global Headquarters to Dallas-Fort Worth Area. DEERFIELD, IL – Caterpillar Inc. (NYSE: CAT) today announced it will move its global headquarters to the company's existing office in Irving, Texas, from its current location in Deerfield, Illinois.

Is Caterpillar recession proof?

Caterpillar is more recession-resistant than investors realize, with strong industry tailwinds shielding its performance against a potential market downturn. Its focus on services and strong backlog should also contribute to this rationale.

What is the cat stock price forecast for 12 months?

Based on analysts offering 12 month price targets for CAT in the last 3 months. The average price target is $330.12 with a high estimate of $440 and a low estimate of $245.

Which is best stock to buy for long term?

Why have cat shares dropped?

Caterpillar stock is lower after a an analyst downgrade. Wall Street is souring on shares of the iconic maker of yellow machines. Analysts prefer a maker of green machines these days.

Is Caterpillar in debt?

Total debt on the balance sheet as of December 2023 : $37.87 B. According to Caterpillar's latest financial reports the company's total debt is $37.87 B. A company's total debt is the sum of all current and non-current debts.

Is Caterpillar a profitable company?

Caterpillar annual gross profit for 2023 was $24.293B, a 34.39% increase from 2022. Caterpillar annual gross profit for 2022 was $18.077B, a 16.94% increase from 2021. Caterpillar annual gross profit for 2021 was $15.458B, a 22.04% increase from 2020.

Is Caterpillar an ethical company?

We hold ourselves to the highest standard of integrity and ethical behavior. We promote and respect the rule of law and expect our employees and suppliers to do the same.