
Caterpillar (CAT) Stock Forecast & Price Target
Caterpillar (CAT) Analyst Ratings
Bulls say
Caterpillar recently demonstrated robust financial performance, reporting a year-over-year revenue increase of 12% in Q3, totaling $16.81 billion, largely attributed to strong pricing and higher sales volumes. Over the last twelve months, net sales revenue surged by 17.60%, climbing from $56.62 billion to $66.59 billion, reflecting significant growth across its diverse product segments. Additionally, the company's return on capital improved notably from 11.09% to 18.08%, further underscoring its operational efficiency and profitability.
Bears say
Caterpillar's management has indicated a flat to modestly declining earnings per share (EPS) for 2024 compared to the record levels achieved in 2023, highlighting a potential stagnation in profitability. The company is experiencing modest sales declines in various segments due to economic uncertainties, particularly in Europe, and lower machine volumes in key areas such as off-highway and articulated trucks, contributing to a downward revision of consolidated sales expectations for 2024. Additionally, dealer inventories are projected to remain near historic lows, which could hinder the company's ability to capitalize on rebounding end-user demand and negatively impact overall sales performance.
This aggregate rating is based on analysts' research of Caterpillar and is not a guaranteed prediction by Public.com or investment advice.
Caterpillar (CAT) Analyst Forecast & Price Prediction
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