Media coverage about PACCAR (NASDAQ:PCAR) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. PACCAR earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.8154119199891 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- PACCAR Sees Unusually Large Options Volume (PCAR) (americanbankingnews.com)
- PACCAR Target of Unusually High Options Trading (PCAR) (americanbankingnews.com)
- PACCAR (PCAR) Rating Reiterated by Royal Bank of Canada (americanbankingnews.com)
- Peterbilt’s 1 millionth truck rolls off the line (landlinemag.com)
A number of analysts have recently commented on PCAR shares. Deutsche Bank dropped their target price on PACCAR from $78.00 to $77.00 and set a “hold” rating on the stock in a report on Wednesday, October 25th. Piper Jaffray Companies set a $67.00 price target on PACCAR and gave the stock a “hold” rating in a research report on Sunday, December 10th. JPMorgan Chase & Co. raised PACCAR from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $83.00 in a research report on Wednesday, October 4th. Robert W. Baird reissued a “hold” rating and set a $80.00 price target on shares of PACCAR in a research report on Thursday, October 12th. Finally, Citigroup boosted their price target on PACCAR from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company’s stock. PACCAR currently has a consensus rating of “Hold” and an average target price of $75.32.
PACCAR (PCAR) traded up $0.57 during midday trading on Wednesday, reaching $76.54. The company had a trading volume of 1,493,387 shares, compared to its average volume of 2,392,937. The firm has a market capitalization of $26,910.00, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.62 and a beta of 1.22. PACCAR has a 1-year low of $61.93 and a 1-year high of $76.83. The company has a quick ratio of 2.40, a current ratio of 2.56 and a debt-to-equity ratio of 0.75.
PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period last year, the business posted $0.98 EPS. The business’s revenue was up 19.7% compared to the same quarter last year. sell-side analysts anticipate that PACCAR will post 4.19 earnings per share for the current year.
The firm also recently declared a special dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th were issued a dividend of $1.20 per share. The ex-dividend date was Wednesday, December 13th. This represents a yield of 1.4%. PACCAR’s payout ratio is currently 25.64%.
In other news, VP C Michael Dozier sold 3,618 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $69.02, for a total value of $249,714.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $285,704.00. Following the completion of the transaction, the vice president now directly owns 24,319 shares in the company, valued at approximately $1,726,649. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,598 shares of company stock valued at $7,597,908. Company insiders own 2.64% of the company’s stock.
PACCAR Company Profile
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.
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