Caterpillar (NYSE: CAT) stock received an upgrade recently. A Tigress Financial analyst upgraded their price target to $345 from $295 while retaining a buy rating on the stock. While the new price target is pretty much where the stock is trading now, the price target upgrade and positive rating affirm ...
motleyfoolusx:cat
Caterpillar (NYSE: CAT) stock dropped 9% since its most recent earnings report as the world's largest construction equipment manufacturer faces a dwindling backlog amid higher interest rates. Anytime a stock for an industry leader drops due to macroeconomic challenges, investors should determine whether ...
motleyfoolusx:cat
Caterpillar (NYSE: CAT) stock will always divide investors. It's a highly cyclical stock with relatively volatile revenue and profit margins. While management is doing a great job of reducing the cyclicality in its business and raising its long-term margin trends, its revenue and earnings are still guided ...
motleyfoolusx:cat
This Monday, construction equipment specialist Caterpillar (NYSE: CAT) became a bit less of an international company. It withdrew its listing from a prominent stock exchange overseas, and investors weren't happy that its presence was shrinking. They traded the company's main (i.e., U.S.-listed) shares ...
motleyfoolusx:cat
Wall Street gave a mixed reaction to Caterpillar's (NYSE: CAT) latest earnings report, and it's about as nuanced as you might expect from a highly cyclical stock. For example, Stifel raised its price target to $350 from $293 previously but lowered the rating on the stock from "buy" to "hold." Meanwhile, ...
motleyfoolusx:cat
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 ...
motleyfoolusx:cat
Caterpillar Inc. (NYSE: CAT), a leading manufacturer of construction and mining equipment, on Thursday reported first-quarter 2024 financial results. Sales and revenues for the first quarter of 2024 were $15.8 billion, which is broadly unchanged from the revenue generated in the same period of 2023. ...
alphastreetusx:cat
With 61% gains racked up over the last 52 weeks, Caterpillar (NYSE: CAT) shares have outperformed the rest of the S&P 500 by a factor of nearly three -- and one analyst thinks this run's not done. On Tuesday, JPMorgan's Tami Zakaria set a $435 price target on Caterpillar stock, making her the second-most-optimistic ...
motleyfoolusx:cat
Caterpillar (NYSE: CAT) is a cyclical stock, meaning its revenue, profit margin, profits, and cash flow tend to ebb and flow along with the economy. Its earnings can overshoot expectations when the economy is in growth mode and undershoot them when it is slowing. Recently, two heavyweight analysts published ...
motleyfoolusx:cat
An effort by Caterpillar (NYSE: CAT) to help the railroad industry stem its emissions got a boost Friday, and its stock price is going along for the ride. Shares of the heavy equipment manufacturer were up by 3% as of 2 p.m. ET after Canadian National Railway (NYSE: CNI) announced the purchase of its ...
motleyfoolusx:catusx:cni
