Friday, September 25, 2020

PACCAR Inc [PCAR] Stock trading around $83.89 per share: What’s Next?

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PACCAR Inc [NASDAQ: PCAR] surged by $1.05 during the normal trading session on Friday and reaching a high of $84.23 during the day while it closed the day at $83.89. The company report on July 21, 2020 that PACCAR Achieves Good Quarterly Revenues and Profits.

“PACCAR (Nasdaq: PCAR) achieved good quarterly revenues and net income in the second quarter of 2020,” said Preston Feight, chief executive officer. “PACCAR closed its factories for five weeks at the beginning of the quarter and has gradually resumed production while enhancing operating processes and procedures for employee health and well-being, manufacturing efficiency and customer satisfaction. I am very proud of our outstanding employees who delivered excellent production and distribution performance while enhancing PACCAR’s rigorous health and safety standards.”.

This press release features multimedia. View the full release here:

PACCAR Inc stock has also loss -1.83% of its value over the past 7 days. However, PCAR stock has inclined by 14.65% in the 3 months of the year. Over the past six months meanwhile, it has gained 28.80% and gained 6.06% year-on date.

The market cap for PCAR stock reached $28.68 billion, with 346.40 million shares outstanding and 339.55 million shares in the current float. Compared to the average trading volume of 1.67M shares, PCAR reached a trading volume of 2842876 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about PACCAR Inc [PCAR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PCAR shares is $89.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PCAR stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cowen have made an estimate for PACCAR Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on July 29, 2020. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on July 01, 2020, representing the official price target for PACCAR Inc stock. Previously, the target price had yet another raise from $66 to $73, while Piper Sandler kept a Neutral rating on PCAR stock. On April 20, 2020, analysts increased their price target for PCAR shares from 65 to 80.

The Average True Range (ATR) for PACCAR Inc is set at 1.81, with the Price to Sales ratio for PCAR stock in the period of the last 12 months amounting to 1.38. The Price to Book ratio for the last quarter was 2.97, with the Price to Cash per share for the same quarter was set at 12.51. Price to Free Cash Flow for PCAR in the course of the last twelve months was 24.81 with Quick ratio for the last quarter at 4.70.

PCAR stock trade performance evaluation

PACCAR Inc [PCAR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.83. With this latest performance, PCAR shares dropped by -7.13% in over the last four-week period, additionally plugging by 28.80% over the last 6 months – not to mention a rise of 21.21% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PCAR stock in for the last two-week period is set at 44.90, with the RSI for the last a single of trading hit 40.47, and the three-weeks RSI is set at 47.94 for PACCAR Inc [PCAR]. The present Moving Average for the last 50 days of trading for this stock 84.25, while it was recorded at 84.16 for the last single week of trading, and 75.09 for the last 200 days.

PACCAR Inc [PCAR]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and PACCAR Inc [PCAR] shares currently have an operating margin of +11.77 and a Gross Margin at +15.83. PACCAR Inc’s Net Margin is presently recorded at +9.32.

Return on Total Capital for PCAR is now 15.26, given the latest momentum, and Return on Invested Capital for the company is 16.59. Return on Equity for this stock inclined to 26.10, with Return on Assets sitting at 8.87. When it comes to the capital structure of this company, PACCAR Inc [PCAR] has a Total Debt to Total Equity ratio set at 116.03. Additionally, PCAR Total Debt to Total Capital is recorded at 53.71, with Total Debt to Total Assets ending up at 39.71. Long-Term Debt to Equity for the company is recorded at 57.85, with the Long-Term Debt to Total Capital now at 26.78.

Reflecting on the efficiency of the workforce at the company, PACCAR Inc [PCAR] managed to generate an average of $88,441 per employee. Receivables Turnover for the company is 19.55 with a Total Asset Turnover recorded at a value of 0.95.PACCAR Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.70 and a Current Ratio set at 5.00.

Earnings per share (EPS) analysis for PACCAR Inc [PCAR] stock

With the latest financial reports released by the company, PACCAR Inc posted 1.75/share EPS, while the average EPS was predicted by analysts to be reported at 1.64/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PCAR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PACCAR Inc go to -4.40%.

PACCAR Inc [PCAR]: Insider Ownership positions

There are presently around $18,453 million, or 65.00% of PCAR stock, in the hands of institutional investors. The top three institutional holders of PCAR stocks are: VANGUARD GROUP INC with ownership of 28,801,897, which is approximately -2.565% of the company’s market cap and around 1.40% of the total institutional ownership; BLACKROCK INC., holding 25,337,143 shares of the stock with an approximate value of $2.13 billion in PCAR stocks shares; and CAPITAL WORLD INVESTORS, currently with $1.44 billion in PCAR stock with ownership of nearly 88.278% of the company’s market capitalization.

Positions in PACCAR Inc stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 263 institutional holders increased their position in PACCAR Inc [NASDAQ:PCAR] by around 20,837,797 shares. Additionally, 319 investors decreased positions by around 18,053,044 shares, while 75 investors held positions by with 181,081,298 shares. The mentioned changes placed institutional holdings at 219,972,139 shares, according to the latest SEC report filing. PCAR stock had 71 new institutional investments in for a total of 1,044,065 shares, while 77 institutional investors sold positions of 2,967,103 shares during the same period.

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