Caterpillar Stock Outperforms Despite Day’s Losses, Reaches $219.44 on Thursday in 2023.
March 26, 2023
Trending News ☀️
Despite a 0.23% drop to $219.44 on Thursday, Caterpillar Inc ($NYSE:CAT). stock still outperformed that of its competitors in what was an overall positive day for the stock market. This stock performance is a testament to the strength and stability of Caterpillar Inc., despite the challenging economic conditions of the last few years. Overall, despite a small dip in Caterpillar Inc.’s stock on Thursday, the company’s strong performance has proven its resilience and reliability in uncertain economic times. With its stock reaching a high of $219.44 on Thursday, Caterpillar Inc. remains a strong and dependable investment for long-term growth and stability.
Stock Price
Caterpillar Inc. has been enjoying positive news coverage this week, despite a slight dip in their stock on Friday. On Friday, CATERPILLAR INC stock opened at $216.8 and closed at $217.0, down by 1.1% from the previous closing price. With the dip in stock value, Caterpillar Inc. still managed to stay above the opening value and outperform the market losses for the day. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Caterpillar Inc. More…
| Total Revenues | Net Income | Net Margin |
| 59.43k | 6.71k | 12.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Caterpillar Inc. More…
| Operations | Investing | Financing |
| 7.77k | -2.54k | -7.28k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Caterpillar Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 81.94k | 66.05k | 30.73 |
Key Ratios Snapshot
Some of the financial key ratios for Caterpillar Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.4% | 2.1% | 15.5% |
| FCF Margin | ROE | ROA |
| 8.7% | 36.5% | 7.0% |
Analysis
GoodWhale has conducted an analysis of CATERPILLAR INC‘s fundamentals, and based on the Star Chart, it is classified as ‘Rhino’, a type of company we have concluded that has achieved moderate revenue or earnings growth. This makes CATERPILLAR INC an attractive investment opportunity for investors looking for a moderate growth profile. Moreover, its high health score of 8/10 with regard to its cashflows and debt suggests it is capable to safely ride out any crisis without the risk of bankruptcy. Furthermore, CATERPILLAR INC is strong in dividend, profitability, and medium in asset and growth. These factors make it an attractive option for investors who are looking for a company that can consistently deliver returns over time. As such, investors looking for a type of investment that offers consistent returns with low risk should consider CATERPILLAR INC. More…
Peers
Caterpillar Inc. is one of the world’s largest manufacturers of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company operates in more than 500 locations across six continents. Caterpillar’s products are used in a variety of industries, including construction, mining, forestry, and energy. The company competes with a number of other manufacturers, including CNH Industrial NV, Deere & Co, AGCO Corp, and others.
– CNH Industrial NV ($NYSE:CNHI)
CNH Industrial N.V. is a holding company, which engages in the manufacture of agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles. It operates through the following segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services. The Agricultural Equipment segment produces and sells agricultural tractors, combines, haytools, sprayers, forage harvesters, implements and related replacement parts. The Construction Equipment segment manufactures and sells backhoe loaders, small and medium tracked excavators, wheeled excavators, skid steer loaders, compact track loaders, wheel loaders, telehandlers, dumpers, motor graders, soil and asphalt compactors, and other equipment. The Commercial Vehicles segment produces and sells light, medium, and heavy-duty trucks under the Iveco brand. The Powertrain segment manufactures and sells engines, transmissions, axles, and components. The Financial Services segment offers wholesale and retail financing products to customers and dealers to purchase equipment. The company was founded on November 12, 2012 and is headquartered in London, the United Kingdom.
– Deere & Co ($NYSE:DE)
As of 2022, Deere & Co has a market cap of 112.07B and a Return on Equity of 25.53%. The company is engaged in the manufacturing and distribution of equipment used in agricultural, construction, forestry, and turf care.
– AGCO Corp ($NYSE:AGCO)
AGCO Corp is a publicly traded company that manufactures and sells agricultural equipment and related products. As of 2022, the company had a market capitalization of 8.31 billion dollars and a return on equity of 16.62%. The company’s products include tractors, combines, hay tools, sprayers, forage equipment, and more. AGCO Corp is headquartered in Duluth, Georgia, and has operations in North America, Europe, South America, and Asia.
Summary
Caterpillar Inc. (CAT) stock has outperformed expectations despite the market losses on Thursday, reaching a high of $219.44. This is the ninth consecutive daily rise for the stock since the start of the year, signaling a bullish sentiment for investors. Analysts believe Caterpillar Inc. is in a strong position to continue growing, given its portfolio of diverse products, extensive customer base, and solid financials.
Moreover, the company has a track record of resilient performance during economic downturns, making it an attractive option for long-term investors. Overall, analysts are optimistic on Caterpillar Inc.’s prospects despite the short-term volatility, and remain confident in its long-term growth potential.
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