News headlines about PACCAR (NASDAQ:PCAR) have been trending somewhat positive on Monday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PACCAR earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.0553357799437 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Analysts Anticipate PACCAR Inc (PCAR) Will Post Earnings of $1.29 Per Share (americanbankingnews.com)
- PACCAR Inc (PCAR) Sees Significant Increase in Short Interest (americanbankingnews.com)
- PACCAR (PCAR) Given a $78.00 Price Target at Susquehanna Bancshares (americanbankingnews.com)
- BRIEF-Paccar Says CEO’s FY 2017 Total Compensation Was $11 Mln Vs $8.8 Mln In FY 2016 (feeds.reuters.com)
- Buy The Dip In PACCAR, Says Longbow Research (finance.yahoo.com)
PCAR has been the subject of a number of analyst reports. Piper Jaffray Companies set a $67.00 target price on shares of PACCAR and gave the company a “hold” rating in a research note on Sunday, December 10th. Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Tuesday, January 2nd. Morgan Stanley initiated coverage on shares of PACCAR in a research note on Friday, March 2nd. They set an “underweight” rating and a $69.00 target price for the company. Zacks Investment Research lowered shares of PACCAR from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Finally, Longbow Research raised shares of PACCAR from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, March 6th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $76.24.
PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, January 30th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. PACCAR had a net margin of 8.61% and a return on equity of 19.65%. The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same period in the previous year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 36.0% on a year-over-year basis. analysts forecast that PACCAR will post 5.29 EPS for the current year.
In other PACCAR news, VP Marco A. Davila bought 570 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average cost of $69.05 per share, for a total transaction of $39,358.50. Following the acquisition, the vice president now directly owns 7,536 shares of the company’s stock, valued at $520,360.80. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 2.64% of the stock is owned by insiders.
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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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