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August 6, 2024 at 2:10 PM. Shares of Caterpillar (NYSE: CAT) were up 4.5% by 11 a.m. on Tuesday. The move comes after the company's mixed earnings report. Sales declined, but Caterpillar is ...
August 9, 2024 at 10:35 AM. Caterpillar 's (NYSE: CAT) recent second-quarter earnings inspired a Truist analyst to raise the company's price target to $399 from $390 while maintaining a buy rating ...
One way to avoid the dangers of using peak or trough earnings or cash flow is to price Caterpillar at the midpoint of its FCF guidance. In this case, it's the midpoint of $5 billion to $10 billion ...
Caterpillar Inc., also known as Cat, is an American construction, mining and other engineering equipment manufacturer. [ 6] The company is the world's largest manufacturer of construction equipment. [ 3][ 7][ 8] In 2018, Caterpillar was ranked number 73 on the Fortune 500 list [ 9] and number 265 on the Global Fortune 500 list. [ 10]
The heavy machinery company has a bright future, but is it a good value right now?
Caterpillar (NYSE:CAT) has risen by nearly 5% over the last month. Though that leaves CAT stock still within its trading range, it offers some hope for the owners of CAT stock who have seen CAT do ...
The dead cat bounce is a prime example of a rebound fuelled by traders and speculators who bet on their optimistic views rather than the intrinsic or actual value of the stock. This results in a false sense of recovery as the stock begins to rally, and the subsequent drop in value reflects the actual supply and demand dynamics of the stock value.
Favorable end-market demand, savings from cost reduction actions and positive movement in earnings estimates make Caterpillar (CAT) stock worth retaining in the portfolio.