At the time of writing, Paccar Inc. [PCAR] stock is trading at $99.52, up 3.32%. An important factor to consider is whether the stock is rising or falling in short-term value. The PCAR shares have gain 4.68% over the last week, with a monthly amount glided 4.00%, and 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.
For the past year, the stock price of Paccar Inc. fluctuated between $78.30 and $125.50. Currently, Wall Street analysts expect the stock to reach $85.32 within the next 12 months. Paccar Inc. [NASDAQ: PCAR] shares were valued at $99.52 at the most recent close of the market. An investor can expect a potential drop of -14.27% based on the average PCAR price forecast.
Analyzing the PCAR fundamentals
According to Paccar Inc. [NASDAQ:PCAR], the company’s sales were 35.30B for trailing twelve months, which represents an -1.35% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.11.
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 98.33 points at the first support level, and at 97.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 100.15, and for the 2nd resistance point, it is at 100.78.
Ratios To Look Out For
It is important to note that Paccar Inc. [NASDAQ:PCAR] has a current ratio of 2.23. On the other hand, the Quick Ratio is 1.79, and the Cash Ratio is 0.92. Considering the valuation of this stock, the price to sales ratio is 1.48, the price to book ratio is 2.95 and price to earnings (TTM) ratio is 10.54.
Transactions by insiders
Recent insider trading involved FEIGHT R PRESTON, CHIEF EXECUTIVE OFFICER, that happened on Jul 31 ’24 when 27834.0 shares were sold. Officer, FEIGHT R PRESTON completed a deal on Jul 31 ’24 to buy 27834.0 shares. Meanwhile, Vice President & Controller Poplawski Brice J sold 2067.0 shares on May 10 ’24.
