Stifel Nicolaus set a $69.00 price objective on PACCAR (NASDAQ:PCAR) in a research note issued to investors on Sunday. The firm currently has a hold rating on the stock.

PCAR has been the topic of several other reports. Deutsche Bank cut their target price on shares of PACCAR from $78.00 to $77.00 and set a hold rating on the stock in a research report on Wednesday, October 25th. Piper Jaffray Companies set a $67.00 price target on shares of PACCAR and gave the stock a hold rating in a report on Sunday, December 10th. Bank of America upgraded shares of PACCAR from a neutral rating to a buy rating and set a $70.00 price target for the company in a report on Tuesday, January 2nd. BMO Capital Markets restated a buy rating and set a $85.00 price target on shares of PACCAR in a report on Friday, October 20th. Finally, Jefferies Group restated a buy rating and set a $85.00 price target on shares of PACCAR in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. PACCAR presently has a consensus rating of Hold and a consensus price target of $76.26.

Shares of PACCAR (NASDAQ:PCAR) opened at $67.50 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.75. PACCAR has a 1 year low of $61.93 and a 1 year high of $79.69. The company has a market cap of $23,746.50, a P/E ratio of 14.21, a P/E/G ratio of 1.29 and a beta of 1.22.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 30th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. PACCAR had a net margin of 8.61% and a return on equity of 19.65%. The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same period last year, the company earned $0.82 EPS. The firm’s revenue was up 36.0% compared to the same quarter last year. analysts predict that PACCAR will post 5.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be paid a $0.25 dividend. The ex-dividend date is Monday, February 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.48%. PACCAR’s dividend payout ratio is currently 21.05%.

Several large investors have recently added to or reduced their stakes in PCAR. NuWave Investment Management LLC bought a new stake in shares of PACCAR in the 4th quarter valued at $160,000. Regentatlantic Capital LLC bought a new stake in shares of PACCAR in the 4th quarter valued at $202,000. Cetera Investment Advisers bought a new stake in shares of PACCAR in the 2nd quarter valued at $204,000. Hartland & Co. LLC bought a new stake in shares of PACCAR in the 3rd quarter valued at $206,000. Finally, Checchi Capital Advisers LLC bought a new stake in shares of PACCAR in the 4th quarter valued at $206,000. Institutional investors own 62.97% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “PACCAR (PCAR) PT Set at $69.00 by Stifel Nicolaus” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.watchlistnews.com/paccar-pcar-pt-set-at-69-00-by-stifel-nicolaus/1861329.html.

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.

Analyst Recommendations for PACCAR (NASDAQ:PCAR)

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.