PACCAR Inc. (NASDAQ:PCAR) Stock Has Average Price Target of $131.96 According to Brokerages

Shares of PACCAR Inc. (NASDAQ:PCAR) have earned a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $131.96.

PCAR has been the topic of several analyst reports. BNP Paribas Exane reduced their price target on shares of PACCAR from $136.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 6th. Morgan Stanley set a $125.00 price objective on shares of PACCAR and gave the company an “equal weight” rating in a research report on Friday, September 4th. Evercore upped their target price on PACCAR from $139.00 to $162.00 and gave the stock an “outperform” rating in a research note on Thursday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PACCAR in a report on Tuesday, August 18th. Finally, Wells Fargo & Company set a $122.00 target price on PACCAR and gave the company an “equal weight” rating in a report on Thursday, October 8th.

PACCAR Trading Up 2.4%

Shares of PACCAR stock opened at $108.13 on Friday. The company has a market capitalization of $56.93 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 1.35 and a beta of 0.96. The company has a quick ratio of 2.98, a current ratio of 3.22 and a debt-to-equity ratio of 0.50. PACCAR has a 12-month low of $93.86 and a 12-month high of $139.24. The firm’s 50-day moving average price is $111.20 and its two-hundred day moving average price is $119.49.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, October 27th. The company reported $1.61 EPS for the quarter, meeting the consensus estimate of $1.61. The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $7.48 billion. PACCAR had a net margin of 9.50% and a return on equity of 13.76%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. On average, analysts forecast that PACCAR will post 5.84 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 11th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, November 10th. PACCAR’s dividend payout ratio is currently 26.67%.

Institutional Trading of PACCAR

Large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. bought a new position in shares of PACCAR in the third quarter worth about $7,973,000. Private Wealth Asset Management LLC grew its holdings in shares of PACCAR by 157.7% during the 3rd quarter. Private Wealth Asset Management LLC now owns 3,188 shares of the company’s stock valued at $325,000 after purchasing an additional 1,951 shares during the last quarter. one8zero8 LLC grew its holdings in shares of PACCAR by 0.8% during the 3rd quarter. one8zero8 LLC now owns 23,932 shares of the company’s stock valued at $2,628,000 after purchasing an additional 201 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of PACCAR by 30.2% during the 3rd quarter. Private Advisor Group LLC now owns 31,429 shares of the company’s stock valued at $3,451,000 after purchasing an additional 7,287 shares during the last quarter. Finally, Ieq Capital LLC acquired a new position in PACCAR during the 3rd quarter worth approximately $311,000. 64.90% of the stock is owned by institutional investors and hedge funds.

About PACCAR

PACCAR Inc. is a global manufacturer of commercial trucks and a provider of related products and services. Its truck brands include Kenworth and Peterbilt in North America and DAF in Europe. The company also manufactures engines and supplies replacement parts and aftermarket support for its vehicles. PACCAR serves customers through manufacturing, sales and service operations across North America, Europe and other international markets. Its businesses also include PACCAR Financial, which provides financing and leasing solutions to truck customers and dealers.