Are Wall Street Analysts Bullish on Caterpillar Stock?

Caterpillar Inc. (CAT) is a Texas-based global leader in manufacturing construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and locomotives, serving industries such as infrastructure, energy, and transportation. With a market cap of $193.8 billion, the company operates through Construction Industries, Resource Industries, Energy & Transportation, Financial Products, and Other segments.

CAT stock has surged 22.1% over this time frame, outpacing the broader S&P 500 Index ($SPX) has gained 19%. Moreover, shares of CAT are up 14% on a YTD basis, compared to SPX’s 10% return.