ValuEngine lowered shares of PACCAR (NASDAQ:PCAR) from a buy rating to a hold rating in a report issued on Tuesday.
Several other analysts have also recently weighed in on PCAR. Citigroup cut shares of PACCAR from a buy rating to a neutral rating and cut their price target for the company from $81.00 to $75.00 in a report on Wednesday, November 29th. JPMorgan Chase & Co. set a $83.00 target price on shares of PACCAR and gave the company a buy rating in a report on Wednesday, November 29th. Susquehanna Bancshares started coverage on shares of PACCAR in a report on Wednesday, November 29th. They set a neutral rating and a $75.00 target price on the stock. UBS Group set a $79.00 target price on shares of PACCAR and gave the company a buy rating in a report on Thursday, November 30th. Finally, BidaskClub upgraded shares of PACCAR from a hold rating to a buy rating in a report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $76.24.
Shares of PACCAR (PCAR) opened at $67.38 on Tuesday. The firm has a market cap of $23,720.00, a price-to-earnings ratio of 15.82, a P/E/G ratio of 1.34 and a beta of 1.21. PACCAR has a fifty-two week low of $61.93 and a fifty-two week high of $79.69. The company has a quick ratio of 2.34, a current ratio of 2.49 and a debt-to-equity ratio of 0.74.
In related news, VP Marco A. Davila purchased 570 shares of the stock in a transaction dated Friday, February 16th. The stock was purchased at an average price of $69.05 per share, with a total value of $39,358.50. Following the transaction, the vice president now directly owns 7,536 shares in the company, valued at $520,360.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.64% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank raised its position in PACCAR by 1.9% in the 3rd quarter. Amalgamated Bank now owns 39,491 shares of the company’s stock worth $2,857,000 after buying an additional 733 shares during the last quarter. Commonwealth Bank of Australia raised its position in PACCAR by 1.9% in the 3rd quarter. Commonwealth Bank of Australia now owns 42,437 shares of the company’s stock worth $3,065,000 after buying an additional 791 shares during the last quarter. DnB Asset Management AS raised its position in PACCAR by 2.0% in the 4th quarter. DnB Asset Management AS now owns 46,243 shares of the company’s stock worth $3,287,000 after buying an additional 900 shares during the last quarter. Heritage Investors Management Corp raised its position in PACCAR by 0.3% in the 4th quarter. Heritage Investors Management Corp now owns 285,340 shares of the company’s stock worth $20,282,000 after buying an additional 920 shares during the last quarter. Finally, MUFG Americas Holdings Corp raised its position in PACCAR by 43.7% in the 3rd quarter. MUFG Americas Holdings Corp now owns 3,162 shares of the company’s stock worth $229,000 after buying an additional 962 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for PACCAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR and related companies with MarketBeat.com's FREE daily email newsletter.