PACCAR (PCAR) PT Set at $69.00 by Stifel Nicolaus
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.
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.
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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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