Recently, Zacks.com users have been paying close attention to Caterpillar (CAT). This makes it worthwhile to examine what the stock has in store.
In the closing of the recent trading day, Caterpillar (CAT) stood at $334.16, denoting a +0.04% change from the preceding trading day.
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Caterpillar (CAT) reported earnings 30 days ago. What's next for the stock?
In the latest trading session, Caterpillar (CAT) closed at $336.75, marking a -1.03% move from the previous day.
Per Caterpillar's CAT SEC filing on Tuesday, the group's president, Anthony D. Fassino, sold 3,185 shares at $351.36 per share or a total of $1.1 million on Aug. 30.
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Given its better valuation, we believe Deere stock (NYSE: DE) is a better pick than its peer, Caterpillar stock (NYSE: CAT) for the next three years. CAT stock trades at 2.6x revenues, versus 1.8x for DE.
Zacks.com users have recently been watching Caterpillar (CAT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
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