PACCAR Receives Average Rating of “Hold” from Brokerages (NASDAQ:PCAR)
PACCAR (NASDAQ:PCAR) has been given an average recommendation of “Hold” by the seventeen ratings firms that are currently covering the company, Analyst Ratings Network.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $69.15.
Several analysts have recently commented on the stock. Analysts at Vertical Research downgraded shares of PACCAR to a “sell” rating in a research note on Friday, August 1st. Separately, analysts at Robert W. Baird raised their price target on shares of PACCAR from $73.00 to $80.00 in a research note on Thursday, July 31st. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of PACCAR in a research note on Wednesday, July 30th. They now have a $59.00 price target on the stock, down previously from $60.00.
PACCAR (NASDAQ:PCAR) opened at 62.73 on Wednesday. PACCAR has a 52-week low of $53.07 and a 52-week high of $68.81. The stock’s 50-day moving average is $63.82 and its 200-day moving average is $64.12. The company has a market cap of $22.255 billion and a P/E ratio of 18.03.
PACCAR (NASDAQ:PCAR) last released its earnings data on Tuesday, July 29th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts predict that PACCAR will post $3.65 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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