|Bid||217.06 x 800|
|Ask||217.20 x 900|
|Day's Range||215.01 - 219.34|
|52 Week Range||87.50 - 226.67|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||39.77|
|Forward Dividend & Yield||4.12 (1.87%)|
|Ex-Dividend Date||Jan 19, 2021|
|1y Target Est||N/A|
Shares of construction giant Caterpillar (NYSE: CAT) continue to surge higher. In fact, its 2020 performance was pretty terrible and included one of the company's worst quarters in history. Instead, Caterpillar's fresh all-time high is based on future performance and the expectation that the company will be a big beneficiary from a 2021 bull market, infrastructure stimulus, higher oil prices, and other post-pandemic tailwinds.
Rating Action: Moody's assigns A3 to Caterpillar's $500 million of senior unsecured notes; Outlook stableGlobal Credit Research - 02 Mar 2021New York, March 02, 2021 -- Moody's Investors Service, ("Moody's") assigned an A3 rating to Caterpillar, Inc.'s ('Caterpillar', 'CAT') $500 million of senior unsecured notes. All the other ratings are unaffected, including the A3 long term and Prime-2 short-term ratings of Caterpillar, Inc., Caterpillar Financial Services Corporation (CFSC - based on a support agreement from Caterpillar), and their guaranteed subsidiaries.
At this stage, it will be prudent to invest in manufacturing stocks with a favorable Zacks Rank. A few of them are: DE, CAT, DOV, GGG, IR and ITW.