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

A number of equities research analysts have issued reports on the stock. Credit Suisse Group upped their price objective on shares of PACCAR from $102.00 to $104.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 27th. Cowen reduced their price objective on shares of PACCAR from $100.00 to $92.00 in a research report on Thursday, July 7th. Citigroup upped their price objective on shares of PACCAR from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 27th. Cowen reduced their price objective on shares of PACCAR from $100.00 to $92.00 in a research report on Thursday, July 7th. Finally, Morgan Stanley boosted their target price on shares of PACCAR from $75.00 to $81.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $94.69.

PACCAR Stock Performance

Shares of PCAR Stock traded up $0.73 during trading on Friday, reaching $93.73. 1,508,474 shares of the company's stock traded hands, compared to its average volume of 1,913,684. The company has a market capitalization of $32.59 billion, a P/E ratio of 14.78, a PEG ratio of 1.21 and a beta of 0.89. The company has a current ratio of 2.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.58. The firm's 50-day moving average is $85.49 and its 200 day moving average is $86.94. PACCAR has a 1 year low of $77.00 and a 1 year high of $97.56.

PACCAR (NASDAQ:PCAR - Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $2.07 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.26. The company had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $6.57 billion. PACCAR had a net margin of 8.68% and a return on equity of 18.64%. PACCAR's revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.41 EPS. Equities research analysts expect that PACCAR will post 7.74 EPS for the current year.

PACCAR Dividend Announcement

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

Insider Activity at PACCAR

In related news, VP Todd R. Hubbard sold 2,000 shares of the company's stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $91.50, for a total transaction of $183,000.00. Following the sale, the vice president now directly owns 2,119 shares in the company, valued at approximately $193,888.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.05% of the stock is currently owned by corporate insiders.