PACCAR Inc (PCAR) shares projected to rise by 14.25%

Currently, PACCAR Inc [PCAR] is trading at $71.02, up 0.82%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PCAR shares have lost -0.82% over the last week, with a monthly amount drifted -2.85%, and not seem to be holding up well over a long-time horizon.

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On 2, May 2023, PACCAR and Toyota Expand Hydrogen Fuel Cell Truck Collaboration to Include Commercialization. In a post published today on Yahoo Finance, PACCAR and Toyota Motor North America, Inc. (Toyota) today announced an expansion of their joint efforts to develop and produce zero emissions, hydrogen fuel cell (FCEV) Kenworth and Peterbilt trucks powered by Toyota’s next-generation hydrogen fuel cell modules. The expanded agreement supports ongoing development and commercialized zero-emission versions of the Kenworth T680 and Peterbilt 579 models featuring Toyota’s hydrogen fuel cell powertrain kit, with initial customer deliveries planned for 2024.

From an analyst’s perspective:

This stock has fluctuated between a low of $49.93 and a high of $76.71 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $81.14 within the next 12 months. PACCAR Inc [NASDAQ: PCAR] shares were valued at $71.02 at the most recent close of the market. An investor can expect a potential return of 14.25% based on the average PCAR price forecast.

Analyzing the PCAR fundamentals

Recent quarter sales for PACCAR Inc [NASDAQ:PCAR] were 8.47 billion which represents 30.90% growth. In this publicly-traded organization, revenue per employee is $927,299, while income per employee is $96,836. Gross Margin for this corporation currently stands at +16.45% with Operating Margin at +12.73%, Pretax Margin comes in at +13.35%, and Net Margin reading is +10.44%. To continue investigating profitability, this company’s Return on Assets is posted at 9.63, Equity is 24.48, Total Capital is 15.76, and Invested Capital is 16.86. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 46.66 and enduring liabilities to the whole assets at 34.61.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 70.18 points at the first support level, and at 69.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.48, and for the 2nd resistance point, it is at 71.93.

PACCAR Inc [PCAR] reported earnings per share of $2.25 for its fiscal quarter that ended on 3/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.81/share, meaning a difference of $0.44 and a surprise factor of 24.30%. By comparison, the stated earnings for the previous quarter ended on 12/30/2022 were $1.76 per share as compared to estimates of $1.47 per share, a difference of $0.29 representing a surprise of 19.70%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for PACCAR Inc [NASDAQ:PCAR] is 4.20. Also, the Quick Ratio is 0.76, while the Cash Ratio stands at 0.53. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 3.92 and the P/E (TTM) ratio is 13.09.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 22 insider buyings of 76,592 shares and 13 insider sellings of 59,668 shares. Recent insider trading involved FEIGHT R PRESTON, CHIEF EXECUTIVE OFFICER, that happened on May 08 when 46523.0 shares were sold. SR. VICE PRESIDENT/CONTROLLER, BARKLEY MICHAEL T completed a deal on May 03 to sell 1.0 shares. Meanwhile, SR. VICE PRESIDENT/CONTROLLER BARKLEY MICHAEL T sold 25072.0 shares on May 01.