Here's How Caterpillar Inc. Crushed It in 2017
It's not hard to see the overlying reason why Caterpillar Inc. (NYSE: CAT) stock is up nearly 50% in 2017 at the time of this writing. The simple explanation is earnings expectations have more than doubled since the start of its financial year as management raised full-year 2017 adjusted profit per share guidance from $2.90 to $6.25. Here's a look at just how and why this happened.
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Of course, any significant change at any company will have a myriad of factors behind it, but here are the three prevailing factors behind Caterpillar's performance so far:
Source: Fool.com
Caterpillar Inc. Stock
€321.00
1.740%
We see a rather positive sentiment for Caterpillar Inc. with 14 Buy predictions and 2 Sell predictions.
However, we have a potential of -1.56% for Caterpillar Inc. as the target price of 316 € is below the current price of 321.0 €.
