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Shares of Paccar (NASDAQ:PCAR) hit a new 52-week high during mid-day trading on Friday , American Banking and Market News reports. The company traded as high as $61.65 and last traded at $61.49, with a volume of 2,877,474 shares traded. The stock had previously closed at $59.85.

Several analysts have recently commented on the stock. Analysts at Robert W. Baird upgraded shares of Paccar from a “neutral” rating to an “outperform” rating in a research note on Monday, February 3rd. They now have a $59.00 price target on the stock, up previously from $57.00. Separately, analysts at Credit Suisse cut their price target on shares of Paccar from $60.00 to $57.00 in a research note on Friday, January 31st. They now have a “neutral” rating on the stock. Finally, analysts at Wolfe Research initiated coverage on shares of Paccar in a research note on Friday, January 17th. They set a “market perform” rating on the stock. Fifteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Paccar has a consensus rating of “Hold” and a consensus target price of $59.83.

The stock’s 50-day moving average is $58.20 and its 200-day moving average is $56.72. The company has a market cap of $21.804 billion and a P/E ratio of 18.14.

Paccar (NASDAQ:PCAR) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.92 by $0.02. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. On average, analysts predict that Paccar will post $3.60 earnings per share for the current fiscal year.

PACCAR Inc (NASDAQ:PCAR) is engaged in the design, manufacture and customer support of light, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates.

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