Somewhat Favorable Media Coverage Somewhat Unlikely to Affect PACCAR (PCAR) Stock Price
Media stories about PACCAR (NASDAQ:PCAR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. PACCAR earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.5737198630824 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Norges Bank Significantly Raises Its Stake in PACCAR Inc. (PCAR) – First News 24 (firstnewspaper24.com)
- Share Activity Lifted for PACCAR Inc (PCAR) in Session – Evergreen Caller (evergreencaller.com)
- PACCAR Inc (PCAR) Showing Signs of Potential Bullish Momentum – Evergreen Caller (evergreencaller.com)
- PACCAR Inc. (NASDAQ:PCAR) Experiences Lighter than Usual Trading Volume (highlightpress.com)
- Comparing Hyster-Yale Materials Handling (HY) & PACCAR (PCAR) (americanbankingnews.com)
PCAR has been the subject of several recent analyst reports. OTR Global raised shares of PACCAR to a “positive” rating in a research note on Tuesday, April 18th. Citigroup Inc. lifted their price objective on shares of PACCAR from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Piper Jaffray Companies lowered shares of PACCAR from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $72.00 to $66.00 in a research note on Tuesday, April 18th. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 price objective on shares of PACCAR in a research note on Thursday, April 20th. Finally, BidaskClub raised shares of PACCAR from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. PACCAR has a consensus rating of “Hold” and a consensus price target of $72.00.
PACCAR (NASDAQ:PCAR) traded down 2.98% during mid-day trading on Thursday, reaching $65.21. 2,402,889 shares of the company were exchanged. The stock’s 50-day moving average price is $67.13 and its 200-day moving average price is $66.56. PACCAR has a 1-year low of $53.38 and a 1-year high of $70.32. The stock has a market capitalization of $22.91 billion, a price-to-earnings ratio of 17.45 and a beta of 1.14.
PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.07. PACCAR had a net margin of 7.77% and a return on equity of 18.61%. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the business posted $1.06 earnings per share. PACCAR’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts anticipate that PACCAR will post $4.00 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.53%. The ex-dividend date is Monday, August 14th. PACCAR’s dividend payout ratio is presently 26.74%.
In related news, insider T. Kyle Quinn sold 2,786 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $67.89, for a total value of $189,141.54. Following the sale, the insider now owns 20,800 shares in the company, valued at $1,412,112. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.64% of the company’s stock.
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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