Where will CAT stock be in 5 years? (2024)

Where will CAT stock be in 5 years?

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 2030, $1300 in 2032, $1400 in 2034 and $1500 in 2035.

What is the 5 year forecast for Caterpillar stock?

quote is equal to 367.040 USD at 2024-04-12. Based on our forecasts, a long-term increase is expected, the "CAT" stock price prognosis for 2029-04-04 is 550.319 USD. With a 5-year investment, the revenue is expected to be around +49.93%. Your current $100 investment may be up to $149.93 in 2029.

What is the stock price prediction for Caterpillar in 2030?

Caterpillar stock prediction for 1 year from now: $ 247.18 (-32.72%) Caterpillar stock forecast for 2025: $ 415.52 (14.17%) Caterpillar stock prediction for 2030: $ 806.05 (121.47%)

Will Caterpillar stock go up in 2024?

Overall, 2024 is expected to be a year of tepid growth for Caterpillar and unless the company surprises with a strong earnings beat, better margin, or guidance, we don't expect any significant growth in its stock in the near term.

What is the future forecast for CAT?

Future Growth

Caterpillar is forecast to grow earnings and revenue by 0.4% and 3.1% per annum respectively. EPS is expected to grow by 3.7% per annum. Return on equity is forecast to be 36.6% in 3 years.

How high will Caterpillar stock go?

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 -15.91% from the current stock price of 363.25.

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.

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%.

Is it safe to invest in Caterpillar?

Caterpillar Inc. - Buy. Zacks' proprietary data indicates that Caterpillar Inc. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the CAT shares relative to the market in the next few months.

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.

Should I sell Caterpillar stock?

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 25 buy ratings, 22 hold ratings, and 12 sell ratings.

What stock will boom in 2024?

What is the future of Caterpillar stock?

Caterpillar stock forecast 2022 to 2025

On 4 May 2022, data compiled by Market Beat suggested a consensus 12-month CAT stock price target of $231. The stock projection varied from a low of $142 to a high of $282. The average price target represented an 26.71% upside change from the last trading price.

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 buy or sell?

Caterpillar currently has an average brokerage recommendation (ABR) of 2.50 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 22 brokerage firms. The current ABR compares to an ABR of 2.50 a month ago based on 22 recommendations.

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.

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.

Why is Caterpillar stock soaring?

Caterpillar stock is headed to an all-time high after the company reported blowout fourth-quarter earnings that included improving profit margins. Cat announced fourth-quarter earnings per share of $5.23 from sales of $17.1 billion on Monday morning. A year ago, Cat reported EPS of $3.86 from sales of $16.6 billion.

How many times does Caterpillar pay dividends?

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

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 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 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 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 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.

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.