What is the best trade option for Paccar Inc. (PCAR) stock?

Paccar Inc. [PCAR] stock is trading at $109.43, up 0.51%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PCAR shares have gain 3.24% over the last week, with a monthly amount drifted -2.83%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Paccar Inc. [NASDAQ: PCAR] stock has seen the most recent analyst activity on March 26, 2024, when RBC Capital Mkts initiated its Sector Perform rating and assigned the stock a price target of $123. Previously, UBS upgraded its rating to Buy on March 15, 2024. On March 14, 2024, Truist initiated with a Hold rating and assigned a price target of $117 on the stock. TD Cowen reiterated its Market Perform rating and increased its price target to $108 on January 24, 2024. BofA Securities upgraded its rating to a Neutral and raised its price target to $97 on January 19, 2024. Morgan Stanley started tracking with a Overweight rating for this stock on January 08, 2024, and assigned it a price target of $125. In a note dated October 25, 2023, Deutsche Bank upgraded an Buy rating on this stock and boosted its target price from $94 to $115.

Paccar Inc. [PCAR] stock has fluctuated between $66.17 and $125.50 over the past year. Currently, Wall Street analysts expect the stock to reach $83.17 within the next 12 months. Paccar Inc. [NASDAQ: PCAR] shares were valued at $109.43 at the most recent close of the market. An investor can expect a potential drop of -24.0% based on the average PCAR price forecast.

Analyzing the PCAR fundamentals

Paccar Inc. [NASDAQ:PCAR] reported sales of 35.42B for the trailing twelve months, which represents a growth of 3.09%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.32 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.83.

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 108.88 points at the first support level, and at 108.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 110.29, and for the 2nd resistance point, it is at 111.15.

Ratios To Look Out For

For context, Paccar Inc.’s Current Ratio is 2.06. In addition, the Quick Ratio stands at 1.65 and the Cash Ratio stands at 0.81. Considering the valuation of this stock, the price to sales ratio is 1.62, the price to book ratio is 3.40 and price to earnings (TTM) ratio is 11.36.

Transactions by insiders

Recent insider trading involved Poplawski Brice J, Vice President & Controller, that happened on May 10 ’24 when 2067.0 shares were sold. CHIEF EXECUTIVE OFFICER, FEIGHT R PRESTON completed a deal on May 07 ’24 to sell 33850.0 shares. Meanwhile, VICE PRESIDENT/GENERAL COUNSEL WALTON MICHAEL K sold 1338.0 shares on May 07 ’24.

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