Media headlines about PACCAR (NASDAQ:PCAR) have trended somewhat positive on Monday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. PACCAR earned a news impact score of 0.15 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.5563052760518 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- PACCAR Inc, (NASDAQ: PCAR) – Signals from Technical Perspective – Stock Watch (stocksnewstimes.com)
- PACCAR Reaches Analyst Target Price – Nasdaq (nasdaq.com)
- PACCAR Inc (PCAR) Expected to Announce Quarterly Sales of $4.84 Billion (americanbankingnews.com)
- Zacks: Brokerages Expect PACCAR Inc (PCAR) to Announce $1.12 EPS (americanbankingnews.com)
- Intraday Trade Secrets – PACCAR Inc (NASDAQ: PCAR) – Alpha Beta Stock (alphabetastock.com)
Several research firms have recently weighed in on PCAR. Bank of America raised PACCAR from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, January 2nd. Wells Fargo & Co raised their target price on PACCAR from $75.00 to $80.00 and gave the stock a “market perform” rating in a research report on Thursday. Zacks Investment Research raised PACCAR from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Tuesday, September 26th. Citigroup raised their target price on PACCAR from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, BidaskClub raised PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $75.58.
PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the 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 analyst estimates of $4.57 billion. During the same period in the prior year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. sell-side analysts forecast that PACCAR will post 4.19 EPS for the current fiscal year.
The business also recently disclosed a special dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a yield of 1.4%. PACCAR’s dividend payout ratio is currently 25.64%.
In other PACCAR news, insider Mark C. Pigott sold 98,956 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $71.37, for a total transaction of $7,062,489.72. Following the completion of the transaction, the insider now directly owns 2,985,401 shares in the company, valued at $213,068,069.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Alma Lily Ley sold 4,024 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $71.00, for a total value of $285,704.00. Following the transaction, the vice president now owns 24,319 shares of the company’s stock, valued at $1,726,649. The disclosure for this sale can be found here. Insiders have sold 106,598 shares of company stock valued at $7,597,908 over the last quarter. Corporate insiders own 2.64% of the company’s stock.
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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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