Caterpillar Stock: Bull vs. Bear
The market has ripped higher through the first few months of 2024, but (NYSE: CAT) stock's start is even more impressive. The heavy equipment specialist recently reported impressive fourth-quarter 2023 financial results that included company records for annual revenue and adjusted earnings per share.
But while there's no argument that 2023 was a success, there's debate about whether now's the best time to buy Caterpillar stock. To provide insight on the different perspectives, two fool.com contributors discuss the different arguments.
Scott Levine: Soaring nearly 15% higher since the start of the year, Caterpillar stock has notably outperformed the market. The S 500 has risen about 7% during the same period. For prospective investors, now might not seem like the best time to build a better portfolio with shares of Caterpillar. The stock is currently trading around 13.7 times operating cash flow, a premium to its five-year average valuation of 10.9. But the stock's recent climb and its valuation should hardly be deterrents to buying shares right now.
Source Fool.com
Caterpillar Inc. Stock
With 14 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a current price of 313.0 € Caterpillar Inc. is right around the predicted target price of 316 €.
