PACCAR Given Consensus Rating of “Hold” by Brokerages (NASDAQ:PCAR)
PACCAR (NASDAQ:PCAR) has received a consensus rating of “Hold” from the nineteen analysts that are currently covering the stock, Analyst RN reports. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $67.79.
A number of research firms have recently commented on PCAR. Analysts at Zacks reiterated a “neutral” rating on shares of PACCAR in a research note on Thursday. They now have a $70.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of PACCAR in a research note on Friday, May 2nd. They now have a $65.00 price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of PACCAR in a research note on Wednesday, April 30th. They now have a $69.00 price target on the stock.
Shares of PACCAR (NASDAQ:PCAR) traded up 0.41% during mid-day trading on Friday, hitting $65.70. The stock had a trading volume of 393,576 shares. PACCAR has a 1-year low of $53.07 and a 1-year high of $68.81. The stock’s 50-day moving average is $64.27 and its 200-day moving average is $63.10. The company has a market cap of $23.304 billion and a P/E ratio of 19.24.
PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts expect that PACCAR will post $3.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 15th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Wednesday, August 13th.
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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