Back to top
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Caterpillar Stock Reaches All-Time High
Industrial giant Caterpillar (CAT - Free Report) has surged more than 50% since bottoming in September of last year. The stock is staging a renewed uptrend amid broad strength in the industrials sector. The world’s leading manufacturer of construction and mining equipment, CAT appears well-positioned to extend its recent gains. Caterpillar stock is currently hitting a fresh all-time high in price, a bullish sign.
CAT has surpassed earnings estimates in each of the past four quarters, sporting an average 14.68% earnings beat over that timeframe. The company most recently reported Q3 results back in October of $3.95/share, a 23.82% beat over the $3.19 consensus estimate.
CAT stock is ranked favorably by our Zacks Style Scores, with a best-possible ‘A’ rating for our Momentum and overall VGM categories. Caterpillar is a Zacks Rank #3 (Hold) stock. The company is set to report Q4 earnings results on January 31st before the market open.