NYSE:CATMachinery
Is It Too Late To Consider Caterpillar (CAT) After 172% One-Year Surge?
If you are wondering whether Caterpillar at US$940.48 is still offering value, the key is understanding what the current price actually implies about the business.
The stock has delivered returns of 5.9% over the past week, 4.0% over the past month, 57.2% year to date and 172.4% over the last year, which has put valuation squarely in the spotlight for many investors.
Recent coverage has focused on Caterpillar as a major player in heavy equipment and capital goods, with attention on how its...