PACCAR (PCAR) Receiving Somewhat Favorable News Coverage, Study Shows

News coverage about PACCAR (NASDAQ:PCAR) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PACCAR earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.0139134951401 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news stories that may have impacted Accern’s analysis:

PACCAR (NASDAQ:PCAR) traded down $0.10 during trading on Tuesday, hitting $70.17. 2,761,331 shares of the stock traded hands, compared to its average volume of 1,924,436. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.40 and a current ratio of 2.56. PACCAR has a fifty-two week low of $61.93 and a fifty-two week high of $75.68. The stock has a market cap of $24,960.00, a PE ratio of 17.86, a P/E/G ratio of 1.67 and a beta of 1.22.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The business had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.57 billion. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. PACCAR’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. research analysts anticipate that PACCAR will post 4.18 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.43%. PACCAR’s dividend payout ratio is presently 25.64%.

PCAR has been the topic of several recent analyst reports. Zacks Investment Research raised PACCAR from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Tuesday, September 5th. Buckingham Research initiated coverage on PACCAR in a report on Tuesday, September 5th. They set a “neutral” rating and a $65.00 target price on the stock. ValuEngine raised PACCAR from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Royal Bank Of Canada reissued a “buy” rating on shares of PACCAR in a report on Friday, September 1st. Finally, Deutsche Bank reissued a “hold” rating and set 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, fourteen have assigned a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $75.60.

In other PACCAR news, VP C Michael Dozier sold 3,618 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $69.02, for a total transaction of $249,714.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark C. Pigott sold 98,956 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $71.37, for a total transaction of $7,062,489.72. Following the transaction, the insider now directly owns 2,985,401 shares of the company’s stock, valued at approximately $213,068,069.37. The disclosure for this sale can be found here. Insiders sold 106,598 shares of company stock valued at $7,597,908 over the last quarter. 2.64% of the stock is currently owned by corporate insiders.

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About PACCAR

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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