PACCAR Inc (PCAR): Multiple analysts giving recommendations

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PACCAR Inc (NASDAQ:PCAR) changes shares on Thursday trading session, with a change of 0.23% or $0.17 shares. The trading starts at $74.63 and closed at $74.30 throughout the day. The trading session low price was $73.91 and day high was $75.15 on Thursday, June 18. After the session, the Industrials sector daily volume shifted to 0.84 million while its average volume is 2.20M. In other hand, the PCAR market cap reached to $25.54B. While, its current target price is $74.47 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.60% and up 8.64% for month. Its quarterly performance was 32.91% above, while its half year performance is down -6.75%. PCAR yearly performance stood at positive 7.59% and fall -5.85% for year-to-date. Current recommendation for PACCAR Inc is 2.50.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. PCAR EPS (TTM) for 12-month is 6.10. EPS for this year is 10.10%, while for the next year its value is 4.39. Its EPS Q/Q reached -42.80%. It has an EPS of 12.50% up for past five years and for the next five years will be down -5.84%.

Let’s take a look on the analyst recommendations on PCAR for the current month and previous month. For the current month, 7 of 22 analysts recommend stock as Buy while 2 as Sell, 1 as overweight, 0 as underweight and 12 as Hold. As compared with the previous month ratings, 23 analysts participate in stock recommendation. Out of 23, 2 rated it sell, 8 rated it as Buy and 12 as Hold Ratings. On the other hand, target price ranges from $55.00-$90.00. Average target price for PCAR was reached at $74.05.

Vanguard Group, Inc. (The), Blackrock Inc. and State Street Corporation are the top three holders in PACCAR Inc (PCAR) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 29.56 million shares which valued 1.81 billion. On Mar 30, 2020, Blackrock Inc. owned 26.69 million shares which valued at 1.63 billion. On Mar 30, 2020, State Street Corporation has a total of 14.66 million shares which valued at 896.16 million. In the end, State Street Corporation have 4.24% shares outstanding of PACCAR Inc (PCAR) on Mar 30, 2020. The insider ownership moved to 1.40% and institutional holding shifted to 64.70%.

The company posted an EPS (TTM) of 6.10. According to the most recent quarter report on (Jun 2020), 18 analysts estimated an average EPS of 0.3, while 1.78 EPS posted a year ago period. Analyst Estimated EPS for PCAR published in the report was -0.23-0.73 during the same period. Comparing with last year, the average estimated EPS was 1.78 which is higher than 1.03 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for PCAR rise 4.18% for period of 200 days. SMA for 50 days was 6.26% which is showing green signal, while SMA-20 was 0.72%. The moving average value for PACCAR Inc (PCAR) is 71.68 and 71.50 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in PCAR stock. On May 05, BARKLEY MICHAEL T, SR. VICE PRESIDENT/CONTROLLER, sold 11,728 trading shares at the cost of $68.80, which valued at 0.81 million. On Apr 29, DANFORTH DAVID J, VICE PRESIDENT, sold 1,439 shares at the cost of $69.36, with total shares of 3,744. On Apr 28, GRANDSTAFF DOUGLAS S, VICE PRESIDENT/GENERAL COUNSEL, sold 1,431 shares at the cost of 70.00. After this transaction, GRANDSTAFF DOUGLAS S total shares reached to 6,921 which valued at 0.1 million.