PACCAR Given New $80.00 Price Target at Robert W. Baird (PCAR)
Equities researchers at Robert W. Baird raised their price objective on shares of PACCAR (NASDAQ:PCAR) from $73.00 to $80.00 in a research report issued on Thursday. Robert W. Baird’s price objective would indicate a potential upside of 30.14% from the company’s current price.
Shares of PACCAR (NASDAQ:PCAR) traded down 1.28% on Thursday, hitting $61.47. The stock had a trading volume of 2,327,667 shares. PACCAR has a one year low of $53.07 and a one year high of $68.81. The stock’s 50-day moving average is $64.53 and its 200-day moving average is $63.52. The company has a market cap of $21.803 billion and a price-to-earnings ratio of 17.89.
PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.01. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts expect that PACCAR will post $3.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, August 13th.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of PACCAR in a research note on Wednesday. They now have a $59.00 price target on the stock, down previously from $60.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of PACCAR in a research note on Wednesday. They now have a $58.00 price target on the stock, up previously from $57.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of PACCAR in a research note on Wednesday. They now have a $67.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $69.15.
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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