JPMorgan Chase & Co. Issues Pessimistic Forecast for PACCAR (NASDAQ:PCAR) Stock Price

Key Points

• JPMorgan lowered PACCAR’s price target from $142 to $132 while maintaining an “overweight” rating, implying roughly 29% upside from the stock’s $102.35 price.
• PACCAR reported strong year-over-year growth, with quarterly EPS rising to $1.61 and revenue increasing to $7.38 billion, although revenue fell short of analysts’ $7.48 billion estimate.
• Analyst sentiment remains mixed: six firms rate PACCAR a Buy and eight rate it Hold, producing an overall “Hold” consensus and an average price target of $132.96.

PACCAR (NASDAQ:PCAR - Get Free Report) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $142.00 to $132.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 28.97% from the company's current price.

Several other research analysts also recently commented on PCAR. Evercore boosted their target price on PACCAR from $139.00 to $162.00 and gave the stock an "outperform" rating in a report on Thursday, October 8th. Morgan Stanley set a $125.00 price objective on PACCAR and gave the company an "equal weight" rating in a research report on Friday, September 4th. Jefferies Financial Group boosted their price objective on PACCAR from $120.00 to $140.00 and gave the stock a "hold" rating in a research note on Wednesday, July 29th. Weiss Ratings restated a "hold (c+)" rating on shares of PACCAR in a report on Tuesday, August 18th. Finally, Truist Financial lowered their target price on PACCAR from $125.00 to $124.00 and set a "hold" rating for the company in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $132.96.

PACCAR Price Performance

Shares of NASDAQ:PCAR traded down $1.38 on Wednesday, hitting $102.35. The stock had a trading volume of 2,643,345 shares, compared to its average volume of 3,212,634. The firm's 50 day moving average price is $116.38 and its 200-day moving average price is $120.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.90 and a current ratio of 3.12. PACCAR has a twelve month low of $93.86 and a twelve month high of $139.24. The company has a market capitalization of $53.87 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61. The firm had revenue of $7.38 billion during the quarter, compared to the consensus estimate of $7.48 billion. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The firm's quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the firm posted $1.12 EPS. On average, equities research analysts predict that PACCAR will post 5.91 earnings per share for the current year.

Insider Transactions at PACCAR

In related news, VP Paulo Henrique Bolgar sold 2,897 shares of the firm's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $133.90, for a total value of $387,908.30. Following the transaction, the vice president owned 3,831 shares in the company, valued at $512,970.90. This trade represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R Feight sold 50,975 shares of PACCAR stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $133.07, for a total value of $6,783,243.25. Following the completion of the sale, the chief executive officer owned 268,625 shares of the company's stock, valued at approximately $35,745,928.75. The trade was a 15.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 56,842 shares of company stock worth $7,565,677. 1.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Paladin Partners LLC bought a new stake in shares of PACCAR during the second quarter worth approximately $27,000. Fiduciary Financial Advisors acquired a new position in PACCAR in the second quarter valued at approximately $28,000. Compass Financial Management LLC bought a new position in PACCAR in the second quarter valued at approximately $28,000. Continuum Advisory LLC bought a new position in PACCAR in the second quarter valued at approximately $29,000. Finally, EFG International AG bought a new position in PACCAR in the second quarter valued at approximately $30,000. Institutional investors own 64.90% of the company's stock.

More PACCAR News

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: Third-quarter net income rose 44% year over year to $847.5 million, while earnings increased to $1.61 per share from $1.12. Reported revenue grew approximately 19% year over year, supported by stronger truck profitability and fleet-replacement demand. PACCAR: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: PACCAR’s earnings call highlighted strong growth and an upbeat outlook, which may support longer-term investor confidence if truck demand and replacement activity remain healthy. PACCAR Earnings Call Highlights Strong Growth and Outlook
• Neutral Sentiment: Truist Financial lowered its price target modestly from $125 to $124 while maintaining a Hold rating. Morgan Stanley also retained a Hold rating, citing a balanced risk-reward profile. The Truist target still implies meaningful potential upside, but the lack of a Buy rating limits the immediate catalyst. Truist Adjusts Price Target on PACCAR
• Negative Sentiment: Quarterly EPS of $1.61 matched consensus rather than exceeding it, while revenue was reported below Wall Street expectations—approximately $7.38 billion versus a $7.48 billion estimate in company results coverage. This likely explains why the stock has decreased despite significant profit growth. PACCAR Matches Q3 Earnings Estimates

PACCAR Company Profile

PACCAR Inc NASDAQ: PCAR is a global manufacturer of heavy- and medium-duty trucks. Through its Kenworth, Peterbilt and DAF brands, the company produces vehicles used for long-haul transportation, construction, distribution and other commercial applications. PACCAR also manufactures PACCAR-branded engines and provides related parts and aftermarket support.

The company's operations extend across North America, Europe, South America, Australia and other international markets. In addition to truck manufacturing, PACCAR operates a worldwide parts distribution network and offers financial services, including retail financing and leasing for trucks and related equipment.

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