Caterpillar Inc. (NYSE:CAT) is one of Billionaire Ken Fisher’s Latest Portfolio: 10 Best Stocks to Buy.
Agricultural, construction, and power generation equipment manufacturer Caterpillar Inc. (NYSE:CAT)’s shares are up by 165% over the past year and by 55% year-to-date
The artificial intelligence boom has also proven to be a boon for the firm’s power generation products. For instance, ProPetro Holding Corp announced an agreement with Caterpillar Inc. (NYSE:CAT) to purchase power generation assets capable of generating up to 2.1 billion gigawatts of power over the next five years. Caterpillar Inc. (NYSE:CAT)’s forward P/E ratio of 31.35 is higher than the machinery sector’s average of 24.06.
Evercore ISI discussed the firm on May 11th as it raised the share price target to $1,103 from $878 and reiterated a Buy rating on the shares. CNBC’s Jim Cramer discussed Caterpillar Inc. (NYSE:CAT) and its multiple in his May 15th appearance on Mad Money: “So let’s go to our game plan for next week…. Monday’s Caterpillar, this division, okay, it’s integral to data center construction, and it’s hosting a headquarters visit for investors right now.