Caterpillar: Buy, Sell, or Hold?
Blue chip powerhouse (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.
However, its strong performance also means the stock trades near a high valuation. With the stock near its peak, is this still a good buying opportunity today? Let's delve deeper to understand the business before deciding if Caterpillar belongs in your portfolio.
Caterpillar has been a dominant player in the heavy machinery industry for nearly a century. The company designs and manufactures heavy machinery crucial for construction, energy, mining, and transportation and is one of the world's top construction equipment suppliers and manufacturers.
Source Fool.com
Caterpillar Inc. Stock
We see a rather positive sentiment for Caterpillar Inc. with 14 Buy predictions and 2 Sell predictions.
As a result the target price of 316 € shows a slightly positive potential of 1.44% compared to the current price of 311.5 € for Caterpillar Inc..
