Paccar’s (PCAR) Hold Rating Reaffirmed at Robert W. Baird

Robert W. Baird restated their hold rating on shares of Paccar (NASDAQ:PCAR) in a research report sent to investors on Tuesday morning. They currently have a $80.00 price objective on the stock.

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.

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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.



Paccar (NASDAQ:PCAR) last issued its earnings results on Tuesday, January 30th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the 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 net margin of 8.61% and a return on equity of 19.65%. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 earnings per share. research analysts predict that Paccar will post 5.42 EPS for the current year.

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.

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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.

Analyst Recommendations for Paccar (NASDAQ:PCAR)

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