Positive Press Coverage Somewhat Unlikely to Affect PACCAR (PCAR) Stock Price
Press coverage about PACCAR (NASDAQ:PCAR) has been trending positive on Saturday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 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 coverage optimism score of 0.26 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.7142171758013 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Quadrature Capital Ltd Purchases 66,468 Shares of PACCAR Inc (PCAR) (americanbankingnews.com)
- PACCAR Inc (PCAR) Shares Bought by American International Group Inc. (americanbankingnews.com)
- Zacks: Analysts Anticipate PACCAR Inc (PCAR) to Post $1.29 EPS (americanbankingnews.com)
- LKQ Corp???s (LKQ) Earnings Lag, Revenues Top Estimates in Q4 (finance.yahoo.com)
- PACCAR (PCAR) Given a $75.00 Price Target at Wells Fargo & Co (americanbankingnews.com)
A number of research firms have weighed in on PCAR. Seaport Global Securities reaffirmed a “neutral” rating on shares of PACCAR in a report on Tuesday, January 16th. Wells Fargo & Co lifted their price objective on PACCAR from $75.00 to $80.00 and gave the company a “market perform” rating in a report on Thursday, January 18th. Stifel Nicolaus reaffirmed a “hold” rating and set a $77.00 price objective on shares of PACCAR in a report on Tuesday, January 30th. Buckingham Research lifted their price objective on PACCAR from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $82.00 price objective on shares of PACCAR in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. PACCAR has an average rating of “Hold” and an average target price of $76.00.
PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 30th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. PACCAR had a net margin of 8.61% and a return on equity of 19.65%. The company had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. PACCAR’s quarterly revenue was up 36.0% compared to the same quarter last year. analysts anticipate that PACCAR will post 5.28 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.40%. The ex-dividend date is Monday, February 12th. PACCAR’s dividend payout ratio (DPR) is presently 21.05%.
In related news, VP Marco A. Davila acquired 570 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average price of $69.05 per share, for a total transaction of $39,358.50. Following the transaction, the vice president now directly owns 7,536 shares of the company’s stock, valued at approximately $520,360.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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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