PACCAR Inc. (NASDAQ:PCAR) PT Raised to $82.00

PACCAR Inc. (NASDAQ:PCAR) had its price target upped by analysts at Robert W. Baird from $80.00 to $82.00 in a research report issued on Wednesday, October 25th. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 17.83% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. UBS AG reissued a “buy” rating and set a $76.00 price target (up from $75.00) on shares of PACCAR in a report on Wednesday, July 26th. Citigroup Inc. upped their price objective on PACCAR from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. BidaskClub upgraded PACCAR from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded PACCAR from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Tuesday, August 22nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $72.00 price objective (up from $64.00) on shares of PACCAR in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $75.95.

PACCAR (PCAR) opened at $69.59 on Wednesday. The firm has a market capitalization of $24,468.54, a price-to-earnings ratio of 17.84, a PEG ratio of 1.66 and a beta of 1.24. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.56. PACCAR has a twelve month low of $58.38 and a twelve month high of $75.68.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, October 24th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.06. The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.57 billion. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. The company’s revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. sell-side analysts predict that PACCAR will post 4.18 earnings per share for the current fiscal year.

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In other PACCAR news, VP Alma Lily Ley sold 4,024 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $71.00, for a total value of $285,704.00. Following the completion of the sale, the vice president now owns 24,319 shares of the company’s stock, valued at $1,726,649. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark C. Pigott sold 98,956 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $71.37, for a total transaction of $7,062,489.72. Following the completion of the sale, the insider now directly owns 2,985,401 shares of the company’s stock, valued at approximately $213,068,069.37. The disclosure for this sale can be found here. 2.64% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of PACCAR by 91.1% during the second quarter. IFP Advisors Inc now owns 1,867 shares of the company’s stock worth $123,000 after acquiring an additional 890 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in shares of PACCAR by 18.8% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock worth $125,000 after acquiring an additional 300 shares during the period. State of Alaska Department of Revenue increased its position in shares of PACCAR by 29.9% during the second quarter. State of Alaska Department of Revenue now owns 2,175 shares of the company’s stock worth $143,000 after acquiring an additional 500 shares during the period. Perkins Coie Trust Co increased its position in shares of PACCAR by 102.8% during the second quarter. Perkins Coie Trust Co now owns 2,282 shares of the company’s stock worth $151,000 after acquiring an additional 1,157 shares during the period. Finally, Sun Life Financial INC increased its position in shares of PACCAR by 19,884.6% during the second quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock worth $172,000 after acquiring an additional 2,585 shares during the period. 62.38% of the stock is currently owned by institutional investors and hedge funds.

About PACCAR

PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.

Analyst Recommendations for PACCAR (NASDAQ:PCAR)

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