Investment Analysts’ Recent Ratings Changes for PACCAR (PCAR)

PACCAR (NASDAQ: PCAR) recently received a number of ratings updates from brokerages and research firms:

  • 10/25/2017 – PACCAR had its price target raised by analysts at Credit Suisse Group from $69.00 to $71.00. They now have a “neutral” rating on the stock.
  • 10/25/2017 – PACCAR was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating.
  • 10/25/2017 – PACCAR had its price target lowered by analysts at Deutsche Bank AG from $78.00 to $77.00. They now have a “hold” rating on the stock.
  • 10/25/2017 – PACCAR had its price target raised by analysts at Robert W. Baird from $80.00 to $82.00. They now have a “neutral” rating on the stock.
  • 10/25/2017 – PACCAR had its price target lowered by analysts at Stifel Nicolaus from $76.00 to $75.00. They now have a “hold” rating on the stock.
  • 10/25/2017 – PACCAR had its price target lowered by analysts at Wells Fargo & Company from $77.00 to $75.00. They now have a “market perform” rating on the stock.
  • 10/25/2017 – PACCAR was given a new $79.00 price target on by analysts at UBS AG. They now have a “buy” rating on the stock.
  • 10/20/2017 – PACCAR had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $85.00 price target on the stock.
  • 10/19/2017 – PACCAR had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $85.00 price target on the stock.
  • 10/13/2017 – PACCAR had its price target raised by analysts at Citigroup Inc. from $78.00 to $81.00. They now have a “buy” rating on the stock.
  • 10/12/2017 – PACCAR had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $80.00 price target on the stock.
  • 10/10/2017 – PACCAR was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/9/2017 – PACCAR had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $78.00 price target on the stock, up previously from $75.00.
  • 10/6/2017 – PACCAR had its price target raised by analysts at Wells Fargo & Company from $74.00 to $77.00. They now have a “market perform” rating on the stock.
  • 10/4/2017 – PACCAR was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating. They now have a $83.00 price target on the stock, up previously from $70.00.
  • 10/3/2017 – PACCAR had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $77.00 price target on the stock.
  • 10/3/2017 – PACCAR had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $82.00 price target on the stock, up previously from $76.00.
  • 9/26/2017 – PACCAR was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $80.00 price target on the stock. According to Zacks, “PACCAR expects to achieve total sales of 200,000-220,000 units in Class 8 retail in the U.S. and Canada and 290,000-310,000 unit sales in Europe for fiscal 2017. Moreover, it is expanding its presence in South America and Russia, among others countries. A strong balance sheet enables it to invest in the development of new technologies, enhanced manufacturing facilities and after-market support. However, declining used truck prices and tough competition in the commercial truck market are few concerns the company has been facing. In the last six months, PACCAR’s shares have also underperformed the industry it belongs to.”
  • 9/11/2017 – PACCAR was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PACCAR expects to achieve total sales of 200,000-220,000 units in Class 8 retail in the U.S. and Canada and 290,000-310,000 unit sales in Europe for fiscal 2017. Moreover, it is expanding its presence in South America and Russia, among others countries. A strong balance sheet enables it to invest in the development of new technologies, enhanced manufacturing facilities and after-market support. However, declining used truck prices and tough competition in the commercial truck market are few concerns the company has been facing. In the last six months, PACCAR’s shares have also underperformed the industry it belongs to.”
  • 9/7/2017 – PACCAR was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/5/2017 – PACCAR was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $74.00 price target on the stock. According to Zacks, “PACCAR expects to achieve total sales of 200,000-220,000 units in Class 8 retail in the United States and Canada and 290,000-310,000 unit sales in Europe for fiscal 2017. The company is expanding its global networkof strategically located parts distribution centers (“PDC") in South America and Russia, among others countries. Moreover, on the back of strategic investments, PACCAR is well-positioned in its key markets. Also, a strong balance sheet enables it to invest in the development of new technologies, enhanced manufacturing facilities and after-market support.”
  • 9/5/2017 – PACCAR is now covered by analysts at Buckingham Research. They set a “neutral” rating and a $65.00 price target on the stock.
  • 9/5/2017 – PACCAR had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $72.00 price target on the stock.
  • 9/4/2017 – PACCAR was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PACCAR expects to achieve total sales of 200,000-220,000 units in Class 8 retail in the United States and Canada and 290,000-310,000 unit sales in Europe for fiscal 2017. Moreover, it is expanding its presence in South America and Russia, among others countries. A strong balance sheet enables it to invest in the development of new technologies, enhanced manufacturing facilities and after-market support. However, declining used truck prices and tough competition in the commercial truck market are few concerns the company has been facing. In the last six months, PACCAR’s shares have also underperformed against the industry it belongs to.”

Shares of PACCAR Inc. (NASDAQ:PCAR) opened at 71.73 on Wednesday. PACCAR Inc. has a 12 month low of $53.38 and a 12 month high of $75.68. The stock’s 50 day moving average price is $72.09 and its 200 day moving average price is $67.25. The company has a market capitalization of $25.20 billion, a PE ratio of 19.20 and a beta of 1.18.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. The firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, analysts forecast that PACCAR Inc. will post $4.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Monday, November 13th. PACCAR’s dividend payout ratio (DPR) is currently 25.64%.

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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