Paccar (PCAR) Receives Average Recommendation of “Hold” from Analysts

Shares of Paccar (NASDAQ:PCAR) have been given a consensus recommendation of “Hold” by the twenty-five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $75.50.

A number of brokerages recently issued reports on PCAR. Bank of America upgraded shares of Paccar from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Tuesday, January 2nd. Deutsche Bank lowered shares of Paccar from a “hold” rating to a “sell” rating and set a $77.00 target price on the stock. in a research report on Monday, March 19th. Wells Fargo raised their target price on shares of Paccar from $75.00 to $80.00 and gave the stock a “market perform” rating in a research report on Thursday, January 18th. ValuEngine upgraded shares of Paccar from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. Finally, Longbow Research raised shares of Paccar from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, March 6th.

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In other Paccar news, VP Marco A. Davila bought 570 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were acquired at an average price of $69.05 per share, with a total value of $39,358.50. Following the purchase, the vice president now owns 7,536 shares in the company, valued at approximately $520,360.80. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.64% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. NuWave Investment Management LLC purchased a new stake in Paccar during the 4th quarter worth $160,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Paccar during the 4th quarter worth $171,000. Regentatlantic Capital LLC purchased a new stake in Paccar during the 4th quarter worth $202,000. Checchi Capital Advisers LLC purchased a new stake in Paccar during the 4th quarter worth $206,000. Finally, Two Sigma Securities LLC purchased a new stake in Paccar during the 4th quarter worth $226,000. 64.11% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ PCAR traded up $1.24 during mid-day trading on Wednesday, reaching $70.98. 1,573,116 shares of the stock were exchanged, compared to its average volume of 2,715,287. Paccar has a 1-year low of $61.93 and a 1-year high of $79.69. The firm has a market cap of $24,476.99, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 1.32 and a beta of 1.23. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.34 and a current ratio of 2.49.

Paccar (NASDAQ:PCAR) last announced its earnings results on Tuesday, January 30th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. Paccar had a net margin of 8.61% and a return on equity of 19.65%. The firm had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same quarter last year, the business earned $0.82 earnings per share. Paccar’s revenue was up 36.0% compared to the same quarter last year. equities analysts predict that Paccar will post 5.42 EPS for the current year.

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Paccar Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.

Analyst Recommendations for Paccar (NASDAQ:PCAR)

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