Is Caterpillar stock a good buy right now? (2024)

Is Caterpillar stock a good buy right now?

Caterpillar's analyst rating consensus is a Moderate Buy. This is based on the ratings of 18 Wall Streets Analysts.

Is Caterpillar a good stock to buy 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.

Is it safe to invest in caterpillars?

Valuation metrics show that Caterpillar Inc. may be fairly valued. Its Value Score of C indicates it would be a neutral pick for value investors. The financial health and growth prospects of CAT, demonstrate its potential to perform inline with the market.

What is the outlook for Caterpillar in 2024?

The company is guiding to largely flat sales in 2024 on the expectation that its dealers won't expand their equipment inventories much this year after increasing them by $700 million in 2023. Caterpillar described inventories at dealers as a headwind for sales growth in 2024.

What will CAT stock be worth in 5 years?

Caterpillar stock price stood at $338.00

According to the latest long-term forecast, Caterpillar price will hit $400 by the end of 2024 and then $500 by the middle of 2025. Caterpillar will rise to $700 within the year of 2026, $800 in 2027, $900 in 2028, $1000 in 2030, $1100 in 2032, $1200 in 2033 and $1300 in 2035.

Is Caterpillar a good long term stock?

Blue chip powerhouse Caterpillar (CAT 1.59%) boasts a 29-year track record of increasing dividend payouts, a testament to its robust business and cash management. Today, the stock is trading near all-time highs after a strong year. However, its strong performance also means the stock trades near a high valuation.

Is Caterpillar a good long term investment?

The stock may have a seemingly unattractively valuation now, but it's important to remember how foolhardy it is to try and time the market. Caterpillar is an industry stalwart that has proven to be a long-term winner for investors.

Will Caterpillar stock go up?

Caterpillar Stock Forecast

The 17 analysts with 12-month price forecasts for Caterpillar stock have an average target of 310, with a low estimate of 191 and a high estimate of 435. The average target predicts a decrease of -9.72% from the current stock price of 343.38.

Should I sell my Caterpillar stock?

CAT Analyst Recommendation Trends

In the current month, CAT has received 12 Buy Ratings, 13 Hold Ratings, and 3 Sell Ratings. CAT average Analyst price target in the past 3 months is $339.41.

What is the future for Caterpillar?

Caterpillar is forecast to grow earnings and revenue by 0.4% and 3.1% per annum respectively.

How high will Caterpillar stock go?

Based on short-term price targets offered by 18 analysts, the average price target for Caterpillar comes to $333.11. The forecasts range from a low of $245.00 to a high of $440.00.

What is the target price for Caterpillar?

Why is Caterpillar doing so well?

Revenue and profit came in at record levels in 2023, demonstrating excellent pricing power throughout the year as its equipment resonates with customers. And management upgraded its medium-term targets for cash flow and profit margin.

Is CAT a good dividend stock?

Caterpillar Inc.'s (CAT) Dividends: Bottom Line

Its compound average dividend growth rate is 8.8% over the last five years. Caterpillar Inc. has a Dividend Valuation Grade of D, a Dividend Growth Grade of A and a Dividend Strength Grade of B.

How often does CAT pay dividends?

Caterpillar Inc. ( CAT ) pays dividends on a quarterly basis. The next dividend payment is planned on May 20, 2024 . Caterpillar Inc.

How long has CAT paid a dividend?

Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933.

Who owns the most Caterpillar stock?

The Vanguard Group, Inc. is currently the 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.

Why is Caterpillar stock dropping?

Caterpillar Inc. shares were dropping more than 7% in Thursday morning action after the company came up a bit short on first-quarter revenue as sales volumes declined.

Why have Caterpillar shares dropped?

Key Points. Cat and other heavy machinery operators were downgraded by Evercore after an impressive run. The analyst believes the companies will have a hard time growing earnings in this environment. Cat is a best-of-breed company, but investors buying in have to accept the cyclical nature of the business.

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.

Why are Caterpillar shares so high?

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.

Why is Caterpillar stock so high?

Purchases of heavy machinery from construction and mining industries aided Caterpillar's full-year operating margin. Profit for the world's largest construction company in the energy and transportation segment rose 21% from the year prior.

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.

How many times has Caterpillar stock split?

Is Caterpillar a blue chip stock?

Blue chip powerhouse Caterpillar (NYSE: CAT) boasts a 29-year track record of increasing dividend payouts, a testament to its robust business and cash management. Today, the stock is trading near all-time highs after a strong year.