Is It Too Late To Consider Caterpillar (CAT) After Its Strong Share Price Rally?
- If you are wondering whether Caterpillar’s current share price still offers value or is running ahead of itself, looking closely at how the stock is priced versus its fundamentals can give you useful context.
- Caterpillar’s share price recently closed at US$926.79, with returns of 5.9% over 7 days, 17.2% over 30 days, 54.9% year to date and a very large return over 1 year and 3 years, which naturally raises questions about growth potential and changing risk perception.
- Recent news coverage has focused on Caterpillar’s role in large scale construction and infrastructure activity, as well as its exposure to long term equipment cycles. This gives investors more information about what might be behind these price moves. Commentary has also…
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