Currently, Paccar Inc. [PCAR] is trading at $120.34, up 1.70%. 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 gain 5.53% over the last week, with a monthly amount glided 11.36%, and seem to be holding up well over a long-time horizon.
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On 14, March 2024, PACCAR Recognizes Top Performing Suppliers in North America. In a post published today on Yahoo Finance, PACCAR utilizes its comprehensive Supplier Performance Management Program (SPM) to evaluate supplier achievements in the areas of product development, operations and aftermarket support, and alignment with PACCAR’s key business objectives.
From an analyst’s perspective:
Paccar Inc. [NASDAQ: PCAR] stock has seen the most recent analyst activity on March 15, 2024, when UBS upgraded its rating to a Buy. Previously, Truist started tracking the stock with Hold rating on March 14, 2024, and set its price target to $117. On January 24, 2024, TD Cowen reiterated its Market Perform rating and revised its price target to $108 on the stock. BofA Securities upgraded its rating to a Neutral and increased its price target to $97 on January 19, 2024. Morgan Stanley initiated its recommendation with a Overweight and recommended $125 as its price target on January 08, 2024. Deutsche Bank upgraded its rating to Buy for this stock on October 25, 2023, and upped its price target to $115. In a note dated July 17, 2023, Jefferies upgraded an Buy rating on this stock and boosted its target price from $85 to $115.
This stock has fluctuated between a low of $65.28 and a high of $118.95 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $52.99 within the next 12 months. Paccar Inc. [NASDAQ: PCAR] shares were valued at $120.34 at the most recent close of the market. An investor can expect a potential drop of -55.97% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.91.
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 119.20 points at the first support level, and at 118.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 120.96, and for the 2nd resistance point, it is at 121.57.
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. Also, the Quick Ratio is 0.89, while the Cash Ratio stands at 0.8. Considering the valuation of this stock, the price to sales ratio is 1.79, the price to book ratio is 3.97 and price to earnings (TTM) ratio is 13.74.
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.
