Caterpillar ends in green after six straight sessions of losses
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Caterpillar (NYSE:CAT) shares ended higher on Thursday, snapping their six-day losing streak and noting its first gains since May 20.
The heavy machinery maker rose 0.33% to end the Thursday trading session at $339.23. Since the start of the year, Caterpillar has risen about 14%, outperforming the broader S&P 500 index.
Looking at Seeking Alpha’s Quant ratings, CAT had a Hold rating with a score of 3.43 out of 5. The company received an A+ for its profitability and a D+ for growth prospects. The stock got a C- for valuation.
Turning to the Wall Street community, about 10 sell-side analysts surveyed in the last 90 days rated CAT as a Buy or higher. Meanwhile, another 19 analysts rated the company as a Hold or lower.
Seeking Alpha analysts generally saw the company as a Hold. GS Analytics, SA analyst, endorsed CAT as a Buy, commenting, “Caterpillar’s revenue growth is expected to recover next year due to strength in the energy & transportation business and a rebound in the construction business.”