Several other research analysts have also recently issued reports on the stock. JPMorgan Chase decreased their target price on shares of Paccar from $74.00 to $72.00 and set a hold rating for the company in a report on Tuesday, April 10th. ValuEngine raised shares of Paccar from a hold rating to a buy rating in a report on Tuesday, April 3rd. Zacks Investment Research cut shares of Paccar from a buy rating to a hold rating in a report on Tuesday, April 3rd. Deutsche Bank cut shares of Paccar from a hold rating to a sell rating and set a $77.00 target price for the company. in a report on Monday, March 19th. Finally, Susquehanna Bancshares set a $78.00 target price on shares of Paccar and gave the stock a hold rating in a report on Friday, March 9th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. Paccar presently has an average rating of Hold and an average price target of $75.90.
Shares of Paccar stock opened at $69.74 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.49 and a quick ratio of 2.34. The stock has a market capitalization of $24,476.99, a price-to-earnings ratio of 16.32, a PEG ratio of 1.32 and a beta of 1.23. Paccar has a 52-week low of $61.93 and a 52-week high of $79.69.
In other Paccar news, VP Marco A. Davila bought 570 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average cost of $69.05 per share, for a total transaction of $39,358.50. Following the completion of the transaction, the vice president now owns 7,536 shares of the company’s stock, valued at approximately $520,360.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.64% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in PCAR. NuWave Investment Management LLC bought a new stake in Paccar during the fourth quarter valued at approximately $160,000. Fuller & Thaler Asset Management Inc. bought a new stake in Paccar during the fourth quarter valued at approximately $171,000. Regentatlantic Capital LLC bought a new stake in Paccar during the fourth quarter valued at approximately $202,000. Checchi Capital Advisers LLC bought a new stake in Paccar during the fourth quarter valued at approximately $206,000. Finally, Two Sigma Securities LLC bought a new stake in Paccar during the fourth quarter valued at approximately $226,000. Institutional investors own 64.11% of the company’s stock.
Paccar Company Profile
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
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