PACCAR Inc (PCAR) Given Buy Rating at Jefferies Group LLC
Several other research firms also recently weighed in on PCAR. Credit Suisse Group AG reissued a hold rating and issued a $68.00 price target on shares of PACCAR in a research note on Sunday, February 5th. JPMorgan Chase & Co. raised shares of PACCAR from an underweight rating to a neutral rating and upped their price objective for the company from $50.00 to $60.00 in a research note on Friday, December 9th. Barclays PLC upped their price objective on shares of PACCAR from $54.00 to $57.00 and gave the company a sell rating in a research note on Wednesday, February 1st. Royal Bank of Canada raised shares of PACCAR from a sector perform rating to an outperform rating and upped their price objective for the company from $54.00 to $75.00 in a research note on Friday, January 13th. Finally, BMO Capital Markets raised shares of PACCAR from a market perform rating to an outperform rating and upped their price objective for the company from $57.00 to $85.00 in a research note on Friday, January 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $66.38.
PACCAR (NASDAQ:PCAR) traded up 0.45% during trading on Friday, reaching $69.20. The company’s stock had a trading volume of 5,959,823 shares. The company has a 50-day moving average of $68.15 and a 200 day moving average of $62.71. The firm has a market cap of $24.28 billion, a PE ratio of 46.76 and a beta of 1.26. PACCAR has a one year low of $48.17 and a one year high of $70.12.
PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, January 31st. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.86 by $0.04. The business earned $3.77 billion during the quarter, compared to the consensus estimate of $3.86 billion. PACCAR had a return on equity of 20.21% and a net margin of 3.12%. The business’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. Analysts expect that PACCAR will post $3.56 EPS for the current fiscal year.
Your IP Address:
In related news, insider Robert A. Bengston sold 20,472 shares of the stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $68.18, for a total value of $1,395,780.96. Following the completion of the transaction, the insider now directly owns 24,808 shares of the company’s stock, valued at $1,691,409.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael T. Barkley sold 8,736 shares of the stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $69.74, for a total transaction of $609,248.64. Following the completion of the transaction, the insider now directly owns 19,249 shares of the company’s stock, valued at $1,342,425.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,157 shares of company stock valued at $5,757,472. 2.62% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in PCAR. Assetmark Inc. increased its position in PACCAR by 1.8% in the third quarter. Assetmark Inc. now owns 2,508 shares of the company’s stock worth $147,000 after buying an additional 45 shares during the last quarter. Regentatlantic Capital LLC bought a new position in PACCAR during the third quarter worth about $202,000. Wexford Capital LP bought a new position in PACCAR during the fourth quarter worth about $211,000. Heartland Advisors Inc. bought a new position in PACCAR during the third quarter worth about $215,000. Finally, Raymond James Trust N.A. bought a new position in PACCAR during the third quarter worth about $216,000. 60.60% of the stock is owned by institutional investors.
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.
Receive News & Ratings for PACCAR Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR Inc and related companies with MarketBeat.com's FREE daily email newsletter.