Investors bought shares of Paccar Inc. (NASDAQ:PCAR) on weakness during trading hours on Friday. $25.69 million flowed into the stock on the tick-up and $16.96 million flowed out of the stock on the tick-down, for a money net flow of $8.73 million into the stock. Of all companies tracked, Paccar had the 53rd highest net in-flow for the day. Paccar traded down ($0.34) for the day and closed at $59.21

PCAR has been the subject of several research analyst reports. Bank of America Corp. upgraded shares of Paccar from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $70.00 in a research note on Monday, May 9th. Argus initiated coverage on shares of Paccar in a research note on Friday, May 20th. They set a “hold” rating for the company. Goldman Sachs Group Inc. downgraded shares of Paccar from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $67.00 to $63.00 in a research note on Thursday, June 2nd. JPMorgan Chase & Co. downgraded shares of Paccar from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $58.00 to $47.00 in a research note on Monday, June 27th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Paccar in a research note on Tuesday, June 28th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $56.00.

The firm has a 50 day moving average price of $58.10 and a 200 day moving average price of $55.25. The firm has a market cap of $20.75 billion and a P/E ratio of 31.43.

Paccar (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same period in the previous year, the business posted $1.26 EPS. Paccar’s revenue was down 14.0% compared to the same quarter last year. Equities analysts anticipate that Paccar Inc. will post $3.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.96 annualized dividend and a yield of 1.62%.

PACCAR Inc (PACCAR) is a global technology company engaged in the design, manufacture and customer support of trucks. The Company operates in three segments: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to customers and dealers.

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