Caterpillar Inc (NYSE: CAT) has reported earnings for its third fiscal quarter (ending September 30) of $5.09 versus $5.48 for the same period a year ago — a decline of -7%. For the latest four quarters through September 30, E.P.S. were $21.67 versus $17.74 for the same period a year ago — an increase of 22%.
Recent Price Action
Caterpillar Inc (NYSE: CAT) stock closed at $379.24 on 10/30/24 after a decline of -2.1%. Moreover, unusually high trading volume at 172% of normal accompanied the decline. The stock has declined -2.4% during the last week but has been strong relative to the market over the last nine months.
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 C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Caterpillar has a neutral Appreciation Score of 50 and a neutral Power Rating of 58, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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