Brokerages Set PACCAR Inc (NASDAQ:PCAR) PT at $74.79
Shares of PACCAR Inc (NASDAQ:PCAR) have earned an average recommendation of “Hold” from the twenty-one ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $74.79.
Several research firms have recently issued reports on PCAR. ValuEngine raised PACCAR from a “sell” rating to a “hold” rating in a research report on Thursday. Citigroup lifted their price target on PACCAR from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Goldman Sachs Group decreased their target price on PACCAR from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, March 19th. Evercore ISI raised PACCAR from an “in-line” rating to an “outperform” rating and set a $81.00 target price for the company in a research report on Friday, April 3rd. Finally, Vertical Research upgraded PACCAR from a “sell” rating to a “hold” rating in a research note on Monday, March 2nd.
In other PACCAR news, VP Douglas S. Grandstaff sold 1,431 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $70.00, for a total value of $100,170.00. Following the transaction, the vice president now owns 6,921 shares of the company’s stock, valued at approximately $484,470. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Harrie Schippers sold 4,000 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $68.81, for a total value of $275,240.00. Following the completion of the transaction, the chief financial officer now directly owns 41,515 shares in the company, valued at approximately $2,856,647.15. The disclosure for this sale can be found here. Insiders have sold a total of 7,387 shares of company stock worth $505,210 in the last 90 days. 2.18% of the stock is currently owned by insiders.
NASDAQ:PCAR opened at $72.44 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.49 and a debt-to-equity ratio of 0.75. The stock has a market cap of $25.04 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12. The firm’s fifty day simple moving average is $72.33 and its 200 day simple moving average is $71.73. PACCAR has a twelve month low of $49.11 and a twelve month high of $83.41.
PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.18). The firm had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.89 billion. PACCAR had a net margin of 8.73% and a return on equity of 21.76%. The business’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.81 EPS. On average, analysts expect that PACCAR will post 2.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.28 annualized dividend and a yield of 1.77%. PACCAR’s payout ratio is presently 18.63%.
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. The company operates in three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
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