PACCAR (NASDAQ:PCAR) Stock Rating Upgraded by Wall Street Zen

PACCAR (NASDAQ:PCARGet Free Report) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other brokerages also recently weighed in on PCAR. Sanford C. Bernstein set a $138.00 target price on PACCAR and gave the company an “outperform” rating in a report on Wednesday. UBS Group set a $103.00 price objective on shares of PACCAR and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Truist Financial upped their price objective on shares of PACCAR from $108.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday. Wells Fargo & Company set a $119.00 target price on shares of PACCAR and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Finally, Wolfe Research raised shares of PACCAR from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $115.92.

Get Our Latest Stock Analysis on PCAR

PACCAR Price Performance

PCAR opened at $122.91 on Friday. The stock has a fifty day moving average of $113.86 and a 200-day moving average of $103.69. The firm has a market capitalization of $64.55 billion, a P/E ratio of 27.25, a PEG ratio of 0.99 and a beta of 1.01. PACCAR has a 12-month low of $84.65 and a 12-month high of $125.36. The company has a quick ratio of 2.91, a current ratio of 1.70 and a debt-to-equity ratio of 0.56.

PACCAR (NASDAQ:PCARGet Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. The business had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $6.06 billion. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.PACCAR’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 earnings per share. Equities analysts forecast that PACCAR will post 7.57 EPS for the current fiscal year.

Hedge Funds Weigh In On PACCAR

Several institutional investors have recently bought and sold shares of PCAR. Ares Financial Consulting LLC acquired a new position in shares of PACCAR during the 4th quarter valued at about $27,000. Hazlett Burt & Watson Inc. boosted its position in PACCAR by 53.8% during the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock worth $28,000 after purchasing an additional 100 shares during the period. Private Wealth Management Group LLC boosted its position in PACCAR by 293.1% during the third quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock worth $28,000 after purchasing an additional 211 shares during the period. Wealth Watch Advisors INC acquired a new position in PACCAR during the third quarter valued at approximately $32,000. Finally, Camelot Portfolios LLC bought a new position in shares of PACCAR in the fourth quarter valued at approximately $33,000. 64.90% of the stock is currently owned by institutional investors.

Key Headlines Impacting PACCAR

Here are the key news stories impacting PACCAR this week:

PACCAR Company Profile

(Get Free Report)

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.

Further Reading

Analyst Recommendations for PACCAR (NASDAQ:PCAR)

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