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.

PACCAR Trading Down 0.6 %

Shares of PACCAR stock traded down $0.54 during trading on Tuesday, hitting $91.05. The stock had a trading volume of 7,369 shares, compared to its average volume of 1,987,608. The stock has a 50 day simple moving average of $85.12 and a 200 day simple moving average of $86.90. The company has a market capitalization of $31.66 billion, a PE ratio of 14.45, a P/E/G ratio of 1.18 and a beta of 0.89. The company has a quick ratio of 2.36, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. 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 data on Tuesday, July 26th. The company reported $2.07 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $6.57 billion. During the same period in the previous year, the firm posted $1.41 earnings per share. The firm's revenue was up 26.0% on a year-over-year basis. On average, research analysts expect that PACCAR will post 7.73 EPS for the current fiscal year.

PACCAR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Investors of record on Wednesday, August 17th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Tuesday, August 16th. PACCAR's payout ratio is presently 21.45%.

Analysts Set New Price Targets

A number of analysts have commented on PCAR shares. StockNews.com upgraded shares of PACCAR from a "hold" rating to a "buy" rating in a research report on Monday, May 2nd. Cowen dropped their price target on shares of PACCAR from $100.00 to $92.00 in a research report on Thursday, July 7th. Credit Suisse Group boosted their price target 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. JPMorgan Chase & Co. dropped their price target on shares of PACCAR from $106.00 to $94.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of PACCAR from $94.00 to $97.00 in a report 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $94.69.

Insider Activity at PACCAR

In related news, VP Todd R. Hubbard sold 2,000 shares of the business'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 transaction, the vice president now directly owns 2,119 shares of the company's stock, valued at $193,888.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.05% of the stock is currently owned by insiders.