Paccar Inc. [NASDAQ: PCAR] loss -0.64% or -0.62 points to close at $95.56 with a heavy trading volume of 3962841 shares.
The daily chart for PCAR points out that the company has recorded -14.90% loss over the past six months.
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If we look at the average trading volume of 2.97M shares, PCAR reached to a volume of 3962841 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 $111.93 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 2.71. 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.
Raymond James have made an estimate for Paccar Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on June 28, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on June 26, 2024, representing the official price target for Paccar Inc. stock. Previously, the target price had yet another raise to $123, while RBC Capital Mkts analysts kept a Sector Perform rating on PCAR stock.
The Average True Range (ATR) for Paccar Inc. is set at 2.06, with the Price to Sales ratio for PCAR stock in the period of the last 12 months amounting to 1.42. The Price to Book ratio for the last quarter was 2.83, with the Price to Cash per share for the same quarter was set at 15.29. Price to Free Cash Flow for PCAR in the course of the last twelve months was 17.42 with Quick ratio for the last quarter at 1.79.
Trading performance analysis for PCAR stock
Paccar Inc. [PCAR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.32. With this latest performance, PCAR shares gained by 1.27% in over the last four-week period, additionally sinking by -14.90% over the last 6 months – not to mention a rise of 20.04% 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 47.26, with the RSI for the last a single of trading hit 50.73, and the three-weeks RSI is set at 45.31 for Paccar Inc. [PCAR]. The present Moving Average for the last 50 days of trading for this stock 98.97, while it was recorded at 95.06 for the last single week of trading, and 104.27 for the last 200 days.
Paccar Inc. [PCAR]: A deeper dive into fundamental analysis
Paccar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.79 and a Current Ratio set at 2.23.
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 6.76%.
An analysis of Institutional ownership at Paccar Inc. [PCAR]
There are presently around $71.23%, or 72.58%% of PCAR stock, in the hands of institutional investors. The top three institutional holders of PCAR stocks are: VANGUARD GROUP INC with ownership of 61.89 million shares, which is approximately 11.7899%. BLACKROCK INC., holding 35.88 million shares of the stock with an approximate value of $$3.69 billion in PCAR stocks shares; and BLACKROCK INC., currently with $$2.3 billion in PCAR stock with ownership which is approximately 4.2584%.
