PACCAR - PCAR Stock Forecast, Price & News

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods. It sells its trucks through a network of independent dealers under the Kenworth, Peterbilt, and DAF nameplates. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment conducts full-service leasing operations under the PacLease trade name, as well as provides finance and leasing products and services to customers and dealers. This segment also offers equipment financing and administrative support services for its franchisees; retail loan and leasing services for small, medium, and large commercial trucking companies, as well as independent owners/operators and other businesses; and truck inventory financing services to independent dealers. In addition, this segment offers loans and leases directly to customers for the acquisition of trucks and related equipment. The company also manufactures and markets industrial winches under the Braden, Carco, and Gearmatic nameplates. PACCAR Inc was founded in 1905 and is headquartered in Bellevue, Washington.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PCAR shares. JPMorgan Chase & Co. lowered their target price on shares of PACCAR from $106.00 to $94.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 12th. StockNews.com raised shares of PACCAR from a "hold" rating to a "buy" rating in a research note on Monday, May 2nd. Vertical Research downgraded shares of PACCAR from a "buy" rating to a "hold" rating and raised their target price for the company from $100.00 to $102.00 in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of PACCAR from $94.00 to $97.00 in a research note on Wednesday, July 27th. Finally, Credit Suisse Group raised their target price on shares of PACCAR from $102.00 to $104.00 and gave the company an "outperform" rating in a research note on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $95.21.

PACCAR Stock Down 1.3 %

Shares of PACCAR stock opened at $93.52 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.36 and a current ratio of 2.62. PACCAR has a 52-week low of $77.00 and a 52-week high of $97.56. The stock has a market capitalization of $32.52 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 1.22 and a beta of 0.89. The company's 50 day moving average price is $85.80 and its 200-day moving average price is $87.00.

PACCAR (NASDAQ:PCAR - Get Rating) last issued its earnings results on Tuesday, July 26th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.26. PACCAR had a net margin of 8.68% and a return on equity of 18.64%. The firm had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $6.57 billion. During the same quarter last year, the business earned $1.41 earnings per share. The business's revenue was up 26.0% on a year-over-year basis. Equities research analysts forecast that PACCAR will post 7.74 EPS for the current year.

PACCAR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 7th. Investors of record on Wednesday, August 17th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, August 16th. PACCAR's dividend payout ratio (DPR) is currently 21.45%.

Insider Activity at PACCAR

In related news, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction on Friday, July 29th. The shares were sold at an average price of $91.50, for a total value of $183,000.00. Following the sale, the vice president now owns 2,119 shares in the company, valued at $193,888.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.05% of the stock is currently owned by company insiders.