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.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PCAR shares. Citigroup upped their target price on PACCAR from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, July 27th. Cowen cut their price target on PACCAR from $100.00 to $92.00 in a research report on Thursday, July 7th. Cowen cut their price target on PACCAR from $100.00 to $92.00 in a research report on Thursday, July 7th. JPMorgan Chase & Co. cut their price target on PACCAR from $106.00 to $94.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 12th. Finally, Morgan Stanley increased their price target on PACCAR from $75.00 to $81.00 and gave the stock an "equal weight" rating in a research 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 given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.69.

PACCAR Trading Down 0.3 %

Shares of PACCAR stock opened at $93.00 on Friday. The firm has a market capitalization of $32.33 billion, a PE ratio of 14.67, a P/E/G ratio of 1.18 and a beta of 0.89. PACCAR has a twelve month low of $77.00 and a twelve month high of $97.56. The firm's 50-day moving average price is $85.30 and its 200 day moving average price is $86.97. The company has a current ratio of 2.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.58.

PACCAR (NASDAQ:PCAR - Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $2.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.81 by $0.26. The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. PACCAR had a net margin of 8.68% and a return on equity of 18.64%. PACCAR's quarterly revenue was up 26.0% compared to the same quarter last year. During the same period last year, the company posted $1.41 EPS. On average, sell-side analysts predict that PACCAR will post 7.74 EPS for the current fiscal 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 paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, August 16th. PACCAR's dividend payout ratio is presently 21.45%.

Insider Activity at PACCAR

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