Why Is Caterpillar Soaring in 2017?
Caterpillar Inc. (NYSE: CAT) investors have enjoyed watching their stock appreciate nearly 24% in 2017 and 38% in the past year, so perhaps now it's time to take a step backward and look at just what's happened to propel the price higher. The construction and mining equipment company has outperformed the S&P 500 by some 15% this year, so clearly there's something stock-specific going on.
I have three reasons for what we've seen:
Image source: Getty Images.
Source: Fool.com
Caterpillar Inc. Stock
€313.00
0.000%
We see a rather positive sentiment for Caterpillar Inc. with 14 Buy predictions and 2 Sell predictions.
At the moment Caterpillar Inc. has reached the predicted target price of 316 €, with a current price of 313.0 €.
