Economy

PACCAR (NASDAQ:PCAR) Given News Sentiment Score of 0.21

On Friday, July 31 the stock rating was downgraded by Morgan Stanley to "Equal Weight".

Currently, the stock carries a price to earnings ratio of 20.74, a price to book ratio of 4.31, and a price to sales ratio of 0.83. The other 6 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. They issued a "neutral" rating and a $65.00 price objective on the stock. Royal Bank Of Canada restated a buy rating and set a $77.00 price target on shares of PACCAR in a research report on Tuesday, October 3rd.

Analysts have given a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). ValuEngine cut shares of PACCAR from a buy rating to a hold rating in a research report on Tuesday, October 10th. Deutsche Bank AG reissued a "hold" rating and issued a $78.00 target price (up previously from $75.00) on shares of PACCAR in a report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. The consensus analyst target price is $76.11.

The company is trading down since yesterday's close of 72.71. The stock had a trading volume of 968,268 shares. The company has a market capitalization of $25.55 billion, a P/E ratio of 19.46 and a beta of 1.17. PACCAR has a 12-month low of $53.38 and a 12-month high of $74.79.

PACCAR Inc (NASDAQ:PCAR) tinted gains of +0.03% (+0.02 points) to US$72.71. The hedge fund run by Frank Brosens held 15,000 shares of the medical specialities company at the end of 2017Q2, valued at $2.51M, down from 30,000 at the end of the previous reported quarter. PACCAR had a return on equity of 18.61% and a net margin of 7.77%. Analysts expect next quarter's EPS will be $1.02 with next year's EPS anticipated to be $4.48. During the same period in the prior year, the business earned $1.06 earnings per share. Northwestern Mutual Wealth Management Co. now owns 90,183 shares of the company's stock valued at $5,956,000 after acquiring an additional 6,124 shares in the last quarter. As of the last earnings report the EPS was $3.74 and is projected to be $4.03 for the current year with 351,376,000 shares now outstanding.

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10/03/2017 - PACCAR Inc. had its "buy" rating reiterated by analysts at UBS.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.48%. PACCAR's payout ratio is 26.74%.

In other PACCAR news, insider T. Kyle Quinn sold 2,786 shares of PACCAR stock in a transaction on Tuesday, August 1st. Davis Selected Advisers increased its holdings in shares of PACCAR by 0.4% in the second quarter. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. The transaction was disclosed in a document filed with the SEC, which is available at this link. The company's institutional ownership is monitored at 64.2 percent.

The share price of the company (NASDAQ:PCAR) was down -0.01%, with a high of 73.00 during the day and the volume of PACCAR Inc. shares traded was 1918884. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. HGK Asset Management Inc. now owns 3,652 shares of the company's stock valued at $241,000 after acquiring an additional 300 shares in the last quarter. Sun Life Financial INC now owns 2,598 shares of the company's stock worth $172,000 after acquiring an additional 2,585 shares during the period. Renaissance Technologies LLC purchased a new stake in PACCAR in the 2nd quarter valued at about $82,298,000.



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