Somewhat Positive Media Coverage Somewhat Unlikely to Impact PACCAR (PCAR) Share Price
News stories about PACCAR (NASDAQ:PCAR) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. PACCAR earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.9266369550311 out of 100, meaning that recent press 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 Analysis’s rankings:
- PACCAR Inc. (PCAR) Expected to Announce Earnings of $1.10 Per Share (americanbankingnews.com)
- Taking a Fresh Look at: PACCAR Inc, (NASDAQ: PCAR), Wabash National Corporation, (NYSE: WNC), NCR … – Stocks In The News (press release) (tradingnewsnow.com)
- Ex-Dividend Reminder: PACCAR, WEC Energy Group and BGC Partners Class A – Nasdaq (nasdaq.com)
- Ford Forms JV in China to Manufacture Electric Vehicles (finance.yahoo.com)
- PACCAR (PCAR) vs. ASV Holdings (ASV) Head to Head Review (americanbankingnews.com)
Shares of PACCAR (NASDAQ:PCAR) opened at $69.59 on Monday. The firm has a market cap of $24,468.55, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.66 and a beta of 1.24. PACCAR has a one year low of $58.38 and a one year high of $75.68. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.40 and a current ratio of 2.56.
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 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 company had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. PACCAR’s revenue for the quarter was up 19.7% on a year-over-year basis. sell-side analysts expect that PACCAR will post 4.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.44%. PACCAR’s dividend payout ratio is 25.64%.
PCAR has been the subject of several research reports. Zacks Investment Research upgraded shares of PACCAR from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, August 22nd. BidaskClub upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. UBS AG reiterated a “buy” rating and issued a $76.00 price target (up from $75.00) on shares of PACCAR in a research report on Wednesday, July 26th. Citigroup Inc. lifted their price target on shares of PACCAR from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $72.00 price target (up from $64.00) on shares of PACCAR in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $75.95.
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In related news, insider Mark C. Pigott sold 98,956 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $71.37, for a total value of $7,062,489.72. Following the sale, the insider now owns 2,985,401 shares of the company’s stock, valued at $213,068,069.37. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Alma Lily Ley sold 4,024 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $71.00, for a total transaction of $285,704.00. Following the completion of the sale, the vice president now directly owns 24,319 shares in the company, valued at approximately $1,726,649. The disclosure for this sale can be found here. Insiders own 2.64% of the company’s stock.
PACCAR Company Profile
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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