Why Caterpillar Stock Is Volatile Today
Caterpillar (NYSE: CAT) reported weaker-than-expected first-quarter results and lowered full-year guidance. But investors went into earnings season anticipating bad news from Cat, limiting the downside post-announcement.
Shares of Caterpillar actually opened up about 3% following the release before falling down 2% as of 2:30 p.m. ET.
Caterpillar is a world leader in heavy duty construction and mining equipment. The company is vulnerable to tariffs in several ways. Cat has a global supply chain and is likely to see costs go up. It also has to worry about tariffs causing an economic slowdown that eats into demand for its big ticket items.
Source Fool.com
Caterpillar Inc. Stock
€340.00
0.590%
Currently there is a rather positive sentiment for Caterpillar Inc. with 30 Buy predictions and 6 Sell predictions.
With a target price of 377 € there is a slightly positive potential of 10.88% for Caterpillar Inc. compared to the current price of 340.0 €.
