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.

Analysts Set New Price Targets

PCAR has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on PACCAR from $106.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on PACCAR from $94.00 to $97.00 in a research note on Wednesday, July 27th. StockNews.com raised PACCAR from a "hold" rating to a "buy" rating in a report on Monday, May 2nd. Cowen decreased their price objective on shares of PACCAR from $100.00 to $92.00 in a research report on Thursday, July 7th. Finally, Credit Suisse Group raised their price objective on PACCAR from $102.00 to $104.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $94.69.

PACCAR Stock Up 0.7 %

NASDAQ:PCAR traded up $0.62 during trading hours on Monday, hitting $94.35. 76,877 shares of the company were exchanged, compared to its average volume of 1,879,839. The company has a quick ratio of 2.36, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The firm has a market cap of $32.80 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.21 and a beta of 0.89. The company has a 50 day moving average of $85.49 and a two-hundred day moving average of $86.89. PACCAR has a 52-week low of $77.00 and a 52-week high of $97.56.

PACCAR (NASDAQ:PCAR - Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $2.07 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 company had revenue of $6.79 billion during the quarter, compared to analysts' expectations of $6.57 billion. During the same quarter in the previous year, the business posted $1.41 EPS. The firm's revenue was up 26.0% on a year-over-year basis. Equities research analysts anticipate that PACCAR will post 7.74 earnings per share for the current year.

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Stockholders of record on Wednesday, August 17th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.44%. PACCAR's dividend payout ratio (DPR) is presently 21.45%.

Insider Activity

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $91.50, for a total transaction of $183,000.00. Following the completion of the sale, the vice president now directly owns 2,119 shares of the company's stock, valued at approximately $193,888.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.05% of the company's stock.