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Barchart
Sohini Mondal

Are Wall Street Analysts Predicting Caterpillar Stock Will Climb or Sink?

With a market cap. of $347.3 billion, Caterpillar Inc. (CAT) manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. 

Shares of the Irving, Texas-based company have outperformed in the broader market over the past year. CAT stock has surged 105% over this time frame, while the broader S&P 500 Index ($SPX) has returned 14.9%. Moreover, shares of the company are up 30% on a YTD basis, compared to SPX’s 1.9% gain.

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