A share price of Paccar Inc. [PCAR] is currently trading at $115.47, up 1.22%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PCAR shares have gain 3.68% over the last week, with a monthly amount glided 10.86%, and seem to be holding up well over a long-time horizon.
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On 23, January 2024, PACCAR Achieves Record Annual Revenues and Net Income. In a post published today on Yahoo Finance, “PACCAR reported record annual revenues and net income in 2023,” said Preston Feight, chief executive officer. “PACCAR’s excellent results reflect record deliveries of premium quality DAF, Peterbilt and Kenworth trucks worldwide, record Truck, Parts and Other gross margins and strong financial services performance. I am very proud of our employees and dealers who delivered outstanding trucks and transportation solutions to our customers.”.
From an analyst’s perspective:
Paccar Inc. [NASDAQ: PCAR] stock has seen the most recent analyst activity on January 24, 2024, when TD Cowen reiterated its Market Perform rating and also boosted its price target to $108 from $91. Previously, BofA Securities upgraded its rating to Neutral on January 19, 2024, and elevated its price target to $97. On January 08, 2024, Morgan Stanley initiated with a Overweight rating and assigned a price target of $125 on the stock. Deutsche Bank upgraded its rating to a Buy and increased its price target to $115 on October 25, 2023. Jefferies upgraded its rating to a Buy and raised its price target to $115 on July 17, 2023. Argus downgraded its rating to Hold for this stock on May 02, 2023. In a note dated January 12, 2023, Credit Suisse downgraded an Neutral rating on this stock and revised its target price from $107 to $105.
Paccar Inc. experienced fluctuations in its stock price throughout the past year between $65.28 and $115.78. Currently, Wall Street analysts expect the stock to reach $52.99 within the next 12 months. Paccar Inc. [NASDAQ: PCAR] shares were valued at $115.47 at the most recent close of the market. An investor can expect a potential drop of -54.11% based on the average PCAR price forecast.
Analyzing the PCAR fundamentals
Trailing Twelve Months sales for Paccar Inc. [NASDAQ:PCAR] were 35.16B which represents 11.70% growth. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.3 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.91.
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 114.46 points at the first support level, and at 113.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 116.32, and for the 2nd resistance point, it is at 117.16.
Paccar Inc. [PCAR] reported earnings per share of $2.7 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.22/share, meaning a difference of $0.48 and a surprise factor of 21.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.34 per share as compared to estimates of $2.12 per share, a difference of $0.22 representing a surprise of 10.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Paccar Inc. [NASDAQ:PCAR] is 1.08. Further, the Quick Ratio stands at 0.89, while the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 1.72, the price to book ratio is 3.81 and price to earnings (TTM) ratio is 13.18.
Transactions by insiders
Recent insider trading involved SCHIPPERS HARRIE, PRESIDENT & CFO, that happened on Feb 12 ’24 when 32797.0 shares were sold. VICE PRESIDENT, HUBBARD TODD R completed a deal on Feb 12 ’24 to sell 2000.0 shares. Meanwhile, PRESIDENT & CFO SCHIPPERS HARRIE sold 32000.0 shares on Feb 05 ’24.
