PACCAR (NASDAQ:PCAR) Price Target Raised to $130.00 at Citigroup

Key Points

• Citigroup raised its price target on PACCAR to $130 from $125 while maintaining a "neutral" rating, implying roughly a 3.1% upside from the current share price.
• Sell‑side analysts hold a consensus "Hold" rating with an average price target of $117.42, though individual views vary widely (e.g., JPMorgan's $142 overweight target).
• PACCAR shares traded at $126.12; the company reported Q1 EPS of $1.06 (in line) and revenue of $6.82B (above expectations) but revenue fell 15.1% year‑over‑year, and insiders sold about $16.9 million of stock in the past 90 days.

PACCAR (NASDAQ:PCAR - Get Free Report) had its target price raised by equities researchers at Citigroup from $125.00 to $130.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Citigroup's target price suggests a potential upside of 3.08% from the stock's current price.

Other research analysts have also recently issued reports about the company. Truist Financial boosted their target price on PACCAR from $108.00 to $120.00 and gave the stock a "hold" rating in a report on Wednesday, January 28th. BNP Paribas Exane initiated coverage on PACCAR in a report on Tuesday, March 31st. They set a "neutral" rating and a $126.00 target price on the stock. Wall Street Zen upgraded PACCAR from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. JPMorgan Chase & Co. boosted their target price on PACCAR from $133.00 to $142.00 and gave the stock an "overweight" rating in a report on Wednesday, January 14th. Finally, Wells Fargo & Company set a $119.00 target price on PACCAR and gave the stock an "equal weight" rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, PACCAR has a consensus rating of "Hold" and a consensus price target of $117.42.

PACCAR Price Performance

Shares of PACCAR stock traded down $1.07 on Monday, hitting $126.12. 522,827 shares of the company were exchanged, compared to its average volume of 3,107,691. The stock has a market capitalization of $66.37 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. The company has a 50-day moving average price of $121.53 and a 200 day moving average price of $111.77. PACCAR has a 1-year low of $84.65 and a 1-year high of $131.88. The company has a quick ratio of 2.79, a current ratio of 2.98 and a debt-to-equity ratio of 0.55.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its earnings results on Tuesday, January 27th. The company reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $6.82 billion for the quarter, compared to analysts' expectations of $6.06 billion. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The business's revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.66 EPS. As a group, sell-side analysts predict that PACCAR will post 7.57 earnings per share for the current fiscal year.

Insider Transactions at PACCAR

In related news, EVP C Michael Dozier sold 79,076 shares of the company's stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $127.92, for a total value of $10,115,401.92. Following the transaction, the executive vice president directly owned 34,656 shares in the company, valued at approximately $4,433,195.52. This represents a 69.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO R Preston Feight sold 9,258 shares of the business's stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $129.70, for a total value of $1,200,762.60. Following the completion of the sale, the chief executive officer directly owned 258,566 shares in the company, valued at approximately $33,536,010.20. The trade was a 3.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 133,105 shares of company stock valued at $16,869,046 in the last ninety days. 1.99% of the stock is currently owned by corporate insiders.

Institutional Trading of PACCAR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators raised its position in PACCAR by 9.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 887 shares of the company's stock valued at $97,000 after purchasing an additional 80 shares during the period. Gulf International Bank UK Ltd raised its position in PACCAR by 0.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 26,202 shares of the company's stock valued at $2,869,000 after purchasing an additional 81 shares during the period. CYBER HORNET ETFs LLC raised its position in PACCAR by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 1,486 shares of the company's stock valued at $163,000 after purchasing an additional 87 shares during the period. Parkside Financial Bank & Trust raised its position in PACCAR by 3.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,898 shares of the company's stock valued at $317,000 after purchasing an additional 87 shares during the period. Finally, Jackson Square Capital LLC raised its position in PACCAR by 3.5% in the fourth quarter. Jackson Square Capital LLC now owns 2,650 shares of the company's stock valued at $290,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 64.90% of the company's stock.

About PACCAR

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company's products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR's core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.

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