Caterpillar Hits New 52-Week High (CAT)

Caterpillar

hit a new 52-week high today at $81.00. With only a few minutes left in the trading week, the stock has pulled back slightly to $80.43. On the day, CAT has jumped 2.15%. In the last month alone, the blue-chip stock has surged almost 14%. Year-to-date, the shares have gained over 41%. CAT is extremely leveraged to the health of the global economy. This is either a serious overreaction to the upside, or things are indeed getting better at a much faster pace than the is generally perceived. CAT shares trade at a trailing P/E of 33, a forward P/E of 15.59 and a PEG ratio of 1.07. The median Wall Street price target on the stock is $83.00 with a high target of $99.00.