Top 10 Undervalued Stocks To Invest In Right Now: Caterpillar Inc.(CAT)
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. It operates through three lines of businesses: Machinery, Engines, and Financial Products. The Machinery business offers construction, mining, and forestry machinery, including track and wheel tractors, track and wheel loaders, pipelayers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, underground mining equipment, tunnel boring equipment, and related parts. It also manufactures diesel-electric locomotives; and manufactures and services rail-related products and logistics services for other companies. The Engines business provides diesel, heavy fuel, and natural gas reciprocating engines for Caterpillar machinery, electric power generation systems, marine, petrol eum, construction, industrial, agricultural, and other applications. It offers industrial turbines and turbine-related services for oil and gas, and power generation applications. This business also remanufactures Caterpillar engines, machines, and engine components; and offers remanufacturing services for other companies. The Financial Products business provides retail and wholesale financing alternatives for Caterpillar machinery and engines, solar gas turbines, and other equipment and marine vessels, as well as offers loans and various forms of insurance to customers and dealers. It also offers financing for vehicles, power generation facilities, and marine vessels. The company markets its products directly, as well as through its distribution centers, dealers, and distributors. It was formerly known as Caterpillar Tractor Co. and changed its name to Ca! terpillar Inc. in 1986. Caterpillar Inc. was founded in 1925 and is headquartered in Peoria, Illinois.Advisors' Opinion:
- [By Jayson Derrick]
Analysts at Credit Suisse maintained an Outperform rating on Caterpillar (NYSE: CAT) with a price target raised to $109 from a previous $110. Analysts at Citigroup maintained a Neutral rating with a price target lowered to $110 from a previous $115. Shares gained 0.17 percent, closing at $99.44.
- [By reports.droy]
The heavy machinery honcho, Caterpillar (CAT), posted its third quarter results on October 23. The company was able to post much better earnings than was predicted, and the report card was completely in the green for the company. The stock market also reacted positively to the news and sent the Caterpillar stock soaring higher with the share price opening 3.3% higher at $97.69 on Thursday morning. Let's find out the details of the third quarter earnings.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-10-undervalued-stocks-to-invest-in-right-now-2.html