Investment Analysts’ Recent Ratings Changes for PACCAR (PCAR)

PACCAR (NASDAQ: PCAR) has recently received a number of price target changes and ratings updates:

  • 11/6/2018 – PACCAR was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 11/1/2018 – PACCAR was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 10/26/2018 – PACCAR was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/25/2018 – PACCAR is no longer covered by analysts at Mizuho.
  • 10/25/2018 – PACCAR was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $64.00 price target on the stock. According to Zacks, “The Zacks Consensus Estimate for PACCAR’s quarterly and yearly earnings have been rising. In third-quarter 2018, the company’s earnings per share beat the Zacks Consensus Estimate. Also, it improved year over year. The company’s class 8 truck retail sales are rising primarily due to a robust economy and strong freight demand, which is expected to drive its financials. Increasing profits and positive cash flow has enabled the company to pursue an active capital deployment policy. Also, it is well-positioned in its key markets on the back of its strong cash flow, enabling it to undertake capital investments and research and development expenses. However, rise in commodity prices and tough competition in the commercial truck market is concerns for the company.”
  • 10/24/2018 – PACCAR was given a new $58.00 price target on by analysts at Morgan Stanley. They now have a “sell” rating on the stock.
  • 10/24/2018 – PACCAR was upgraded by analysts at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating. They now have a $67.00 price target on the stock.
  • 10/24/2018 – PACCAR had its price target lowered by analysts at Credit Suisse Group AG from $69.00 to $60.00. They now have a “neutral” rating on the stock.
  • 10/24/2018 – PACCAR had its price target lowered by analysts at Citigroup Inc from $67.00 to $62.00. They now have a “neutral” rating on the stock.
  • 10/24/2018 – PACCAR had its price target lowered by analysts at JPMorgan Chase & Co. from $72.00 to $63.00. They now have a “hold” rating on the stock.
  • 10/24/2018 – PACCAR was downgraded by analysts at Argus from a “buy” rating to a “hold” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/23/2018 – PACCAR was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/18/2018 – PACCAR was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The Zacks Consensus Estimate for PACCAR’s quarterly and yearly earnings have been rising. The company’s class 8 truck retail sales are rising primarily due to a robust economy and strong freight demand, which is expected to drive its financials in 2018. Increasing profits and positive cash flow has enabled the company to pursue an active capital deployment policy. Also, it is well-positioned in its key markets on the back of its strong cash flow, enabling it to undertake capital investments and research and development expenses. Over the last three months, shares of PACCAR have outperformed the industry it belongs to.”
  • 10/17/2018 – PACCAR is now covered by analysts at Loop Capital. They set a “hold” rating and a $68.00 price target on the stock.
  • 10/16/2018 – PACCAR was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $70.00 price target on the stock. According to Zacks, “The Zacks Consensus Estimate for PACCAR’s quarterly and yearly earnings have been rising. The company’s class 8 truck retail sales are rising primarily due to a robust economy and strong freight demand, which is expected to drive its financials in 2018. Increasing profits and positive cash flow has enabled the company to pursue an active capital deployment policy. Also, it is well-positioned in its key markets on the back of its strong cash flow, enabling it to undertake capital investments and research and development expenses. Over the last three months, shares of PACCAR have outperformed the industry it belongs to.”
  • 10/12/2018 – PACCAR was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/5/2018 – PACCAR was downgraded by analysts at Wolfe Research from a “peer perform” rating to an “underperform” rating.
  • 10/5/2018 – PACCAR was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/2/2018 – PACCAR was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/26/2018 – PACCAR was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/25/2018 – PACCAR was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “PACCAR’s class 8 truck retail sales are rising primarily due to a robust economy and strong freight demand, which is expected to drive its financials in 2018. Increasing profits and positive cash flow has enabled the company to pursue an active capital deployment policy. It pays regular quarterly dividends to its shareholders. In July, the company's board has approved the buyback of an additional $300 million worth of shares. Also, it is well-positioned in its key markets on the back of its strong cash flow, enabling it to undertake capital investments and research and development expenses. Over the last three months, shares of PACCAR have outperformed the industry it belongs to. However, rise in commodity prices and tough competition in the commercial truck market are concerns for the company.”

NASDAQ PCAR traded up $0.90 on Tuesday, reaching $59.36. The company had a trading volume of 1,101,387 shares, compared to its average volume of 2,299,771. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.05 and a current ratio of 1.31. The company has a market cap of $20.44 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.88 and a beta of 1.39. PACCAR Inc has a 12 month low of $53.95 and a 12 month high of $79.69.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, October 23rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.04. PACCAR had a net margin of 9.73% and a return on equity of 23.52%. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the firm posted $1.14 EPS. PACCAR’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, analysts forecast that PACCAR Inc will post 6.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Tuesday, November 13th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.89%. PACCAR’s dividend payout ratio (DPR) is presently 26.29%.

Several institutional investors have recently bought and sold shares of PCAR. LPL Financial LLC increased its holdings in shares of PACCAR by 44.1% in the 1st quarter. LPL Financial LLC now owns 16,864 shares of the company’s stock worth $1,116,000 after buying an additional 5,161 shares during the last quarter. DnB Asset Management AS increased its holdings in shares of PACCAR by 7.3% in the 2nd quarter. DnB Asset Management AS now owns 55,743 shares of the company’s stock worth $3,454,000 after buying an additional 3,800 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of PACCAR by 46.3% in the 2nd quarter. IFM Investors Pty Ltd now owns 16,287 shares of the company’s stock worth $1,009,000 after buying an additional 5,154 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of PACCAR by 12.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 46,170 shares of the company’s stock worth $2,860,000 after buying an additional 5,245 shares during the last quarter. Finally, Denali Advisors LLC bought a new stake in shares of PACCAR in the 2nd quarter worth about $960,000. Hedge funds and other institutional investors own 61.33% of the company’s stock.

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.

Featured Story: Ex-Dividend

Receive News & Ratings for PACCAR Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR Inc and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply