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Why Caterpillar Stock Is Down Today

TheMotleyFool 
0 0 25.04.24
Why Caterpillar Stock Is Down TodayPhoto, wide shot, wide-angle lens, Aerospace components, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/3938f51e-9b01-45a9-aed1-ff9d047063fc.png
 

Caterpillar (NYSE: CAT) delivered mixed first-quarter results and warned of demand softness in the quarters to come. Investors are not impressed, sending shares down as much as 9% on Thursday morning.

Caterpillar makes the heavy equipment used in construction and mining. It is a great business when times are good for its customers, but big-ticket equipment purchases tend to get deferred when customers are uncertain about their outlook.

Caterpillar earned $5.60 per share in the first quarter, beating Wall Street's $5.14-per-share consensus estimate, despite sales that came in about $200 million short of consensus at $15.8 billion.

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Source Fool.com

Caterpillar Inc. Stock

€728.60
-1.880%
We can see a decrease in the price for Caterpillar Inc.. Compared to yesterday it has lost -€14.000 (-1.880%).
Currently there is a rather positive sentiment for Caterpillar Inc. with 60 Buy predictions and 6 Sell predictions.
With a target price of 778 € there is a slightly positive potential of 6.78% for Caterpillar Inc. compared to the current price of 728.6 €.
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