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Has Caterpillar (CAT) Rallied Too Far After Strong Multi Year Share Price Gains

Has Caterpillar (CAT) Rallied Too Far After Strong Multi Year Share Price Gains

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  • If you are wondering whether Caterpillar’s current share price still reflects good value or if the stock has run too far, this article walks through the key numbers in a plain spoken way.

  • Caterpillar’s share price recently closed at US$742.83, with returns of 13.0% over 30 days, 24.1% year to date, 118.9% over 1 year, 205.5% over 3 years and 270.0% over 5 years, which naturally raises questions about risk, reward and what is already priced in.

  • Recent coverage has focused on Caterpillar’s role as a major capital goods player, including ongoing interest in its heavy equipment across construction, mining and infrastructure…

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