CAT stocks saw a 0.10% decline in valuation

Since the market opened today, CAT stocks saw a 0.10% decline in valuation. Currently standing at $102.83 per share, stocks of the caterpillar company rank among the industry average. However the overall trend of the stock share graph presents a positive image; showing a consistent rate of incline (23.5%) since Q4 of the previous year.

Presently,CAT stock is being regarded as a “buy” by most stock market analysts. This may be due to their diverse portfolio of products and services on offer, as well as solid net income and growth in earnings per share. The fact that Caterpillar operates in multiple continents also helps insulate them from the risks accompanied by over-investment in one country.

Prospects in the mining sector also appear promising as recovering construction markets and rising demand for US onshore oil and gas drilling can drive Caterpillar’s earnings even further over the span of the coming years. The main beneficiary of this influx in construction demand will be CAT’s stocks and share prices. This will, in turn help raise investor interest as well as share capital that the company can use to its advantage. If the company is able to navigate its way out of the recent allegations of tax evasion (the wrongly attributed sales worth $5.6 billion to its mining units in Geneva when the sales had actually originated elsewhere), then they are sure to be looking at promising times ahead.