On 11/6/24, Cathay General Bancorp (NASDAQ: CATY) stock enjoyed a major increase of 13.5%, closing at $52.84. Moreover, this advance was accompanied by exceptionally high trading volume at 301% of normal. The stock has been strong relative to the market over the last nine months and has risen 14.1% during the last week.
Current PriceTarget Research Rating
CATY is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Cathay General Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Cathay General Bancorp has a good Power Rating of 79 and a good Appreciation Score of 82, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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