Media headlines about PACCAR (NASDAQ:PCAR) have been trending somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. PACCAR earned a news impact score of 0.24 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 48.6207759986743 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- PACCAR’s (PCAR) Hold Rating Reaffirmed at Robert W. Baird (americanbankingnews.com)
- Lgt Capital Partners Ltd. Buys Akamai Technologies Inc, Urban Outfitters Inc, Tupperware Brands … (nasdaq.com)
- Should Value Investors Consider PACCAR (PCAR) Stock? – Nasdaq (nasdaq.com)
- PACCAR Inc. (PCAR) Earns Hold Rating from Deutsche Bank AG (americanbankingnews.com)
PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.07. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.29 billion. PACCAR had a net margin of 7.77% and a return on equity of 18.61%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $1.06 EPS.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. PACCAR’s dividend payout ratio is currently 26.74%.
Several equities analysts recently commented on PCAR shares. Zacks Investment Research upgraded PACCAR from a “sell” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Wednesday, July 12th. ValuEngine upgraded PACCAR from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Wells Fargo & Company upped their price objective on PACCAR from $74.00 to $77.00 and gave the company a “market perform” rating in a research note on Friday, October 6th. UBS AG set a $75.00 price objective on PACCAR and gave the company a “buy” rating in a research note on Thursday, July 6th. Finally, Goldman Sachs Group, Inc. (The) upgraded PACCAR from a “neutral” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Thursday, June 15th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $75.26.
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In other PACCAR news, insider T. Kyle Quinn sold 2,786 shares of PACCAR stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $67.89, for a total value of $189,141.54. Following the sale, the insider now directly owns 20,800 shares in the company, valued at approximately $1,412,112. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.64% of the company’s stock.
PACCAR Company Profile
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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