PACCAR Inc [NASDAQ: PCAR] gained 0.79% on the last trading session, reaching $73.15 price per share at the time. The company report on March 30, 2023 at 12:00 PM that PACCAR and Platform Science Announce Strategic Equity Investment.
PACCAR announced today that it has made a minority equity investment in its connected truck partner, Platform Science. This strategic investment complements the partnership recently launched by PACCAR and Platform Science to integrate Platform Science’s Virtual Vehicle technology with the PACCAR Connect telematics system.
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The integrated product will offer Kenworth and Peterbilt customers a standardized telematics operating system and application store, enabling customers to access software solutions, real-time vehicle data, and third-party applications directly from their vehicles. The vehicle information technology environment will be simplified by reducing the number of telecommunications devices required on the vehicle. Factory installation will increase customers’ productivity and uptime by eliminating the aftermarket installation process.
PACCAR Inc represents 783.00 million in outstanding shares, while the company has a total market value of $37.93 billion with the latest information. PCAR stock price has been found in the range of $71.60 to $73.33.
If compared to the average trading volume of 3.35M shares, PCAR reached a trading volume of 10063162 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $76.43 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 2.70. 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.
Credit Suisse have made an estimate for PACCAR Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 12, 2023. The new note on the price target was released on January 10, 2023, representing the official price target for PACCAR Inc stock. Previously, the target price had yet another raise from $91 to $136, while Morgan Stanley kept a Overweight rating on PCAR stock.
The Average True Range (ATR) for PACCAR Inc is set at 1.55, with the Price to Sales ratio for PCAR stock in the period of the last 12 months amounting to 1.32. The Price to Book ratio for the last quarter was 4.35, with the Price to Cash per share for the same quarter was set at 12.16. Price to Free Cash Flow for PCAR in the course of the last twelve months was 25.33 with Quick ratio for the last quarter at 3.60.
Trading performance analysis for PCAR stock
PACCAR Inc [PCAR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.59. With this latest performance, PCAR shares gained by 3.99% in over the last four-week period, additionally plugging by 24.31% over the last 6 months – not to mention a rise of 28.77% 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 55.82, with the RSI for the last a single of trading hit 59.45, and the three-weeks RSI is set at 54.10 for PACCAR Inc [PCAR]. The present Moving Average for the last 50 days of trading for this stock 72.46, while it was recorded at 73.00 for the last single week of trading, and 65.56 for the last 200 days.
PACCAR Inc [PCAR]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and PACCAR Inc [PCAR] shares currently have an operating margin of +12.73 and a Gross Margin at +16.45. PACCAR Inc’s Net Margin is presently recorded at +10.44.
Return on Total Capital for PCAR is now 15.76, given the latest momentum, and Return on Invested Capital for the company is 16.86. Return on Equity for this stock inclined to 24.48, with Return on Assets sitting at 9.63. When it comes to the capital structure of this company, PACCAR Inc [PCAR] has a Total Debt to Total Equity ratio set at 87.47. Additionally, PCAR Total Debt to Total Capital is recorded at 46.66, with Total Debt to Total Assets ending up at 34.61. Long-Term Debt to Equity for the company is recorded at 45.33, with the Long-Term Debt to Total Capital now at 24.18.
Reflecting on the efficiency of the workforce at the company, PACCAR Inc [PCAR] managed to generate an average of $96,836 per employee. Receivables Turnover for the company is 16.17 with a Total Asset Turnover recorded at a value of 0.92.PACCAR Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.60 and a Current Ratio set at 3.90.
PACCAR Inc [PCAR]: An earnings per share (EPS) analysis
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 -12.17%.
An analysis of insider ownership at PACCAR Inc [PCAR]
There are presently around $25,667 million, or 66.80% of PCAR stock, in the hands of institutional investors. The top three institutional holders of PCAR stocks are: VANGUARD GROUP INC with ownership of 57,628,422, which is approximately 1.35% of the company’s market cap and around 1.40% of the total institutional ownership; BLACKROCK INC., holding 39,038,313 shares of the stock with an approximate value of $2.86 billion in PCAR stocks shares; and STATE STREET CORP, currently with $1.57 billion in PCAR stock with ownership of nearly 0.731% of the company’s market capitalization.
Positions in PACCAR Inc stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 482 institutional holders increased their position in PACCAR Inc [NASDAQ:PCAR] by around 36,748,016 shares. Additionally, 295 investors decreased positions by around 25,438,160 shares, while 95 investors held positions by with 288,691,297 shares. The mentioned changes placed institutional holdings at 350,877,473 shares, according to the latest SEC report filing. PCAR stock had 150 new institutional investments in for a total of 10,094,640 shares, while 44 institutional investors sold positions of 2,029,821 shares during the same period.