PACCAR Inc. (NASDAQ:PCAR – Get Free Report) has been assigned an average recommendation of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $122.00.
A number of research firms have issued reports on PCAR. Citigroup reaffirmed a “neutral” rating and issued a $125.00 price target (down from $130.00) on shares of PACCAR in a report on Thursday, April 30th. Evercore set a $139.00 price objective on shares of PACCAR in a research note on Monday. BNP Paribas Exane began coverage on shares of PACCAR in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $126.00 price objective on the stock. Weiss Ratings upgraded shares of PACCAR from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th.
Read Our Latest Research Report on PCAR
Institutional Trading of PACCAR
PACCAR Trading Down 2.0%
NASDAQ PCAR opened at $110.32 on Friday. The company has a fifty day simple moving average of $118.77 and a two-hundred day simple moving average of $115.36. The stock has a market cap of $58.06 billion, a P/E ratio of 23.47, a P/E/G ratio of 1.05 and a beta of 1.02. PACCAR has a 12-month low of $90.05 and a 12-month high of $131.88. The company has a current ratio of 3.11, a quick ratio of 2.91 and a debt-to-equity ratio of 0.52.
PACCAR (NASDAQ:PCAR – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.15. The business had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.44 billion. PACCAR had a net margin of 8.91% and a return on equity of 12.81%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the company posted $1.46 earnings per share. On average, analysts forecast that PACCAR will post 5.59 earnings per share for the current year.
PACCAR Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be paid a $0.35 dividend. The ex-dividend date is Wednesday, May 13th. This is an increase from PACCAR’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. PACCAR’s dividend payout ratio (DPR) is currently 29.79%.
About PACCAR
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.
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