What Are Wall Street Analysts’ Target Price for Caterpillar Stock?

Irving, Texas-based Caterpillar Inc. (CAT) is a manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. With a market cap of $166.1 billion, the company operates through Construction Industries, Resource Industries, Energy & Transportation, Financial Products, and Other segments.

Shares of CAT have significantly underperformed the broader market over the past 52 weeks. CAT stock has dropped 2.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.3%. Moreover, shares of CAT are down 3.6% on a YTD basis, compared to SPX’s marginal return.