News stories about PACCAR (NASDAQ:PCAR) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PACCAR earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.1191720305497 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern’s analysis:
Shares of PACCAR (PCAR) opened at 71.87 on Friday. PACCAR has a 12-month low of $53.38 and a 12-month high of $75.68. The firm has a market cap of $25.25 billion, a P/E ratio of 19.24 and a beta of 1.18. The company has a 50-day moving average of $71.57 and a 200 day moving average of $67.10.
PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The business had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the company earned $0.98 earnings per share. PACCAR’s revenue for the quarter was up 19.7% on a year-over-year basis. Equities research analysts anticipate that PACCAR will post $4.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.39%. The ex-dividend date is Monday, November 13th. PACCAR’s payout ratio is currently 25.64%.
A number of equities analysts recently issued reports on PCAR shares. Zacks Investment Research upgraded PACCAR from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Tuesday, September 5th. Buckingham Research began coverage on PACCAR in a research report on Tuesday, September 5th. They set a “neutral” rating and a $65.00 price target on the stock. ValuEngine raised PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Citigroup Inc. increased their price target on PACCAR from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of PACCAR in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $75.95.
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In related news, insider T. Kyle Quinn sold 2,786 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $67.89, for a total transaction of $189,141.54. Following the completion of the transaction, the insider now directly owns 20,800 shares in the company, valued at approximately $1,412,112. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.64% of the stock is owned by corporate insiders.
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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