Caterpillar Inc (NYSE: CAT) has reported E.P.S. of $5.50 for its second fiscal quarter (ending June 30) versus $5.70 for the same period a year ago — a decline of -4%. Relative to the consensus estimate of $5.54, this was a shortfall of $-0.04. For the latest four quarters through June 30, E.P.S. were $22.07 compared to $16.16 a year ago — an increase of 37%.
Recent Price Action
Caterpillar Inc (NYSE: CAT) stock enjoyed a large increase of 3.0% on 8/6/24. The stock closed at $326.44. Moreover, unusually high trading volume at 151% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CAT is expected to continue to be a major Value Builder.
Caterpillar has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Caterpillar has a neutral Appreciation Score of 57 but a very high Power Rating of 85, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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