Somewhat Favorable News Coverage Somewhat Unlikely to Impact PACCAR (PCAR) Share Price

News coverage about PACCAR (NASDAQ:PCAR) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. PACCAR earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.0827790514483 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reissued a “buy” rating and set a $82.00 price objective on shares of PACCAR in a research note on Thursday, January 11th. BidaskClub raised PACCAR from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Buckingham Research raised their price objective on PACCAR from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. ValuEngine raised PACCAR from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, UBS set a $79.00 price objective on PACCAR and gave the stock a “buy” rating in a research note on Thursday, November 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $76.24.

Shares of PACCAR (NASDAQ:PCAR) traded up $0.92 during trading on Friday, hitting $67.74. The stock had a trading volume of 6,263,016 shares, compared to its average volume of 2,879,775. The firm has a market capitalization of $23,360.88, a PE ratio of 14.26, a PEG ratio of 1.29 and a beta of 1.21. The company has a current ratio of 2.49, a quick ratio of 2.34 and a debt-to-equity ratio of 0.74. PACCAR has a 1-year low of $61.93 and a 1-year high of $79.69.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, January 30th. The company reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.06. The business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.87 billion. PACCAR had a return on equity of 19.65% and a net margin of 8.61%. PACCAR’s revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. research analysts anticipate that PACCAR will post 5.29 earnings per share for the current fiscal year.

In other PACCAR news, VP Marco A. Davila bought 570 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was acquired at an average price of $69.05 per share, with a total value of $39,358.50. Following the completion of the transaction, the vice president now directly owns 7,536 shares in the company, valued at approximately $520,360.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company 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.

Insider Buying and Selling by Quarter for PACCAR (NASDAQ:PCAR)

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