Paccar Now Covered by Analysts at ISI Group (PCAR)
Equities research analysts at ISI Group initiated coverage on shares of Paccar (NASDAQ:PCAR) in a research note issued to investors on Monday, StockRatingsNetwork reports. The firm set a “buy” rating on the stock.
Shares of Paccar (NASDAQ:PCAR) opened at 62.37 on Monday. Paccar has a 52 week low of $45.81 and a 52 week high of $65.09. The stock’s 50-day moving average is $58.68 and its 200-day moving average is $56.92. The company has a market cap of $22.098 billion and a P/E ratio of 18.79.
Paccar (NASDAQ:PCAR) last released its earnings data on Friday, January 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. Analysts expect that Paccar will post $3.60 EPS for the current fiscal year.
In other Paccar news, President Ronald Armstrong unloaded 7,867 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $61.50, for a total transaction of $483,820.50. Following the transaction, the president now directly owns 17,832 shares in the company, valued at approximately $1,096,668. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on PCAR. Analysts at Jefferies Group raised their price target on shares of Paccar from $66.00 to $72.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Fifteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $60.33.
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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