Paccar Inc. [PCAR] stock is trading at $93.28, up 1.79%. 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 lost -3.14% over the last week, with a monthly amount drifted -8.10%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Citigroup started tracking the stock with Neutral rating on June 26, 2024, and set its price target to $115. On March 26, 2024, RBC Capital Mkts initiated with a Sector Perform rating and assigned a price target of $123 on the stock. UBS upgraded its rating to a Buy. Truist initiated its recommendation with a Hold and recommended $117 as its price target on March 14, 2024. TD Cowen reiterated a Market Perform rating for this stock on January 24, 2024, and upped its price target to $108. In a note dated January 19, 2024, BofA Securities upgraded an Neutral rating on this stock and boosted its target price from $84 to $97.
Paccar Inc. [PCAR] stock has fluctuated between $78.30 and $125.50 over the past year. Currently, Wall Street analysts expect the stock to reach $85.32 within the next 12 months. Paccar Inc. [NASDAQ: PCAR] shares were valued at $93.28 at the most recent close of the market. An investor can expect a potential drop of -8.53% based on the average PCAR price forecast.
Analyzing the PCAR fundamentals
Paccar Inc. [NASDAQ:PCAR] reported sales of 35.30B for the trailing twelve months, which represents a drop of -1.35%. 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 0.12, Equity is 0.3 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.11.
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 91.98 points at the first support level, and at 90.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 94.06, and for the 2nd resistance point, it is at 94.84.
Ratios To Look Out For
For context, Paccar Inc.’s Current Ratio is 2.23. Further, the Quick Ratio stands at 1.79, while the Cash Ratio is 0.92. Considering the valuation of this stock, the price to sales ratio is 1.39, the price to book ratio is 2.76 and price to earnings (TTM) ratio is 9.88.
Transactions by insiders
Recent insider trading involved FEIGHT R PRESTON, Officer, that happened on Jul 31 ’24 when 27834.0 shares were purchased. CHIEF EXECUTIVE OFFICER, FEIGHT R PRESTON completed a deal on Jul 31 ’24 to sell 27834.0 shares. Meanwhile, Vice President & Controller Poplawski Brice J sold 2067.0 shares on May 10 ’24.
