Why Is Caterpillar Soaring in 2017?
Caterpillar Inc. (NYSE: CAT) investors have enjoyed watching their stock appreciate nearly 24% in 2017 and 38% in the past year, so perhaps now it's time to take a step backward and look at just what's happened to propel the price higher. The construction and mining equipment company has outperformed the S&P 500 by some 15% this year, so clearly there's something stock-specific going on.
I have three reasons for what we've seen:
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Source: Fool.com
Caterpillar Inc. Stock
€322.50
0.630%
With 16 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 344 € there is a slightly positive potential of 6.67% for Caterpillar Inc. compared to the current price of 322.5 €.
