Is it safe to invest in Caterpillar?
Despite the cyclical nature of the business,
Is Caterpillar a good stock to buy right now?
Caterpillar's analyst rating consensus is a Moderate Buy. This is based on the ratings of 18 Wall Streets Analysts.
Is it worth it to invest in Caterpillar?
Caterpillar (NYSE:CAT) has outperformed the market over the past 5 years by 6.12% on an annualized basis producing an average annual return of 18.72%.
What is the future of Caterpillar stock?
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.
What is the outlook for Caterpillar in 2024?
Caterpillar (NYSE: CAT) will report its Q1 2024 results on Thursday, April 25. We expect the company's revenues to come in at $16.4 billion with earnings of $5.18 per share, both slightly above the consensus estimates. The company should benefit from continued price improvements and a robust demand outlook.
Is Caterpillar a good long term stock?
Blue chip powerhouse Caterpillar (CAT 1.58%) 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.
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.
Why are Caterpillar shares falling?
Higher-than-expected inflation data dampened hopes for an early interest rate cut, and that's not good news for highly cyclical stocks like Caterpillar.
Is Caterpillar recession proof?
What makes Caterpillar Inc. (NYSE:CAT) a recession-proof stock is its steady dividend and recession-proof business dynamics. The Down Jones component company has been increasing its dividends consistently for the past 28 years.
What will CAT stock be worth in 5 years?
Caterpillar stock price stood at $357.61
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.
Who owns the most Caterpillar stock?
Largest shareholders include Vanguard Group Inc, State Street Corp, BlackRock Inc., Capital World Investors, State Farm Mutual Automobile Insurance Co, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Fisher Asset Management, ...
Is Caterpillar 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.
Is Caterpillar a blue chip stock?
Some of the better-known companies in the DJIA that are mostly considered to be blue-chip stocks include: Apple, Boeing, Caterpillar, Coca-Cola, IBM, Goldman Sachs, Exxon Mobil, Intel, McDonald's, Microsoft, Nike, Visa, Walmart, Walt Disney.
Is Caterpillar going electric?
Caterpillar shows off their new battery electric mining equipment.
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.
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.
Why are Caterpillar shares so high?
Feb 5 (Reuters) - Caterpillar (CAT. N) , opens new tab beat estimates with a double-digit jump in operating profit on Monday to send its shares to a record high buoyed by mining equipment sales and higher prices across its machinery divisions. Shares for the Texas-based company were up 5%.
Why is Caterpillar stock so high?
The heavy machinery, construction, and mining equipment giant had a phenomenal 2023, with the stock hitting new all-time highs once its full-year results came out. Following a year of impressive sales and earnings growth, 2024 is anticipated to be a period of consolidation for the company.
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.
How often does Caterpillar pay dividends?
Caterpillar Inc. ( CAT ) pays dividends on a quarterly basis.
Has Caterpillar stock ever split?
Caterpillar stock (symbol: CAT) underwent a total of 4 stock splits. The most recent stock split occured on July 14th, 2005. One CAT share bought prior to July 26th, 1976 would equal to 12 CAT shares today.
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.
What are Caterpillar Inc weaknesses?
Weaknesses. Competitive Pricing Pressure: Caterpillar Inc faces intense competition from both global and regional players, which often leads to price discounting in various markets. This competitive environment puts pressure on margins and can negatively impact operating profit.
Why is Caterpillar moving its headquarters?
“We believe it's in the best strategic interest of the company to make this move, which supports Caterpillar's strategy for profitable growth as we help our customers build a better, more sustainable world,” said Chairman and CEO Jim Umpleby.
Is Caterpillar getting sued?
April 17 (Reuters) - Caterpillar (CAT.N) , opens new tab owes $100 million to an importer that accused the heavy equipment maker of unlawfully interfering with a key sales agreement and driving it out of business, a Delaware federal jury said on Tuesday.
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