PACCAR Inc (NASDAQ:PCAR) has been assigned an average rating of “Hold” from the twenty-four brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $74.47.
PCAR has been the topic of several research reports. BMO Capital Markets reissued a “buy” rating and issued a $85.00 target price on shares of PACCAR in a report on Friday, October 20th. Jefferies Group reissued a “buy” rating and issued a $85.00 target price on shares of PACCAR in a report on Thursday, October 19th. Citigroup upped their price objective on PACCAR from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, October 13th. UBS Group restated a “buy” rating and issued a $82.00 price objective (up from $76.00) on shares of PACCAR in a research report on Tuesday, October 3rd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $77.00 price objective on shares of PACCAR in a research report on Tuesday, October 3rd.
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 transaction was disclosed in a filing with the SEC, which is available 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 value of $7,062,489.72. Following the completion of the transaction, the insider now owns 2,985,401 shares in the company, valued at $213,068,069.37. The disclosure for this sale can be found here. Insiders have sold 106,598 shares of company stock worth $7,597,908 over the last quarter. 2.64% of the stock is currently owned by company insiders.
Shares of PACCAR (NASDAQ:PCAR) traded up $0.25 during mid-day trading on Monday, reaching $75.10. The company had a trading volume of 2,024,500 shares, compared to its average volume of 2,199,900. PACCAR has a 52-week low of $61.93 and a 52-week high of $75.69. The firm has a market capitalization of $26,360.00, a price-to-earnings ratio of 19.26, a PEG ratio of 1.60 and a beta of 1.22. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.56 and a quick ratio of 2.40.
PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. PACCAR’s quarterly revenue was up 19.7% on a year-over-year basis. equities research analysts anticipate that PACCAR will post 4.19 earnings per share for the current year.
The firm also recently announced a special dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 14th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, December 13th. This represents a yield of 1.4%. PACCAR’s dividend payout ratio (DPR) is presently 25.64%.
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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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