As of Friday close, PACCAR Inc’s (NASDAQ:PCAR) stock was down -$0.99, moving down -1.17 percent to $83.90. The average number of shares traded per day over the past five days has been 2,492,860 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.44 fall in that time frame. In the last twenty days, the average volume was 3,275,950, while in the previous 50 days, it was 2,671,202.
Since last month, PCAR stock rose 2.54%. Shares of the company fell to $80.91 on 07/06/23, the lowest level in the past month. A 52-week high of $90.05 was reached on 07/20/23 after having rallying from a 52-week low of $53.15. Since the beginning of this year, PCAR’s stock price has risen by 27.16% or $17.92, and marked a new high 27 times. However, the stock has declined by -6.83% since its 52-week high.
PCAR stock investors should be aware that PACCAR Inc (PCAR) stock had its last reported insider trading activity 3 days ago on Aug 02. FEIGHT R PRESTON, the CHIEF EXECUTIVE OFFICER of the company, disposed of 56,000 shares for $85.96 on Aug 02. It resulted in a $4,813,967 divestment by the insider. SCHIPPERS HARRIE sold 24,000 shares at an average price of $86.07 on Aug 02. The insider now owns 93,522 shares following the transaction. On Aug 01, CHIEF EXECUTIVE OFFICER FEIGHT R PRESTON sold 56,059 shares at $86.07 apiece. The transaction was valued at $4,824,998.
Valuation Metrics
Right now, PACCAR Inc (PCAR) has a P/E ratio of about 14.20. The stock’s beta is 0.96. Besides these, the trailing price-to-sales (P/S) ratio of 1.35, the price-to-book (PB) ratio of 4.75, and the price-to-cash flow ratio of 69.43 may also be considered.
The latest dividend of $0.27 per share was paid out, which is 8.0% more than last year’s $0.25.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.86, and the total debt-to-equity ratio was 0.86. On the profitability front, the trailing twelve-month gross margin is 21.50% percent. In the year ended June 29, EBITDA margin amounted to 15.53%, whereas operating margins totaled 12.00%. Based on annual data, PCAR earned $5.53 billion in gross profit and brought in $28.82 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.40%. Return on equity (ROE) for the past 12 months was 23.00%.
In PACCAR Inc’s quarter-end financial report for June 29, it reported total debt of $8.06 billion against cash and short-term investments of $1.64 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PCAR’s revenue rose 23.61% to $8.13 billion during the quarter, while net income inched up to $8.47 billion. While analysts expected PACCAR Inc to report $2.18 quarterly earnings, the actual figure was $2.33 per share, beating the consensus estimate by 6.90%. During the quarter, the company generated $1.95 billion in EBITDA. The liabilities of PACCAR Inc were 21.79 billion at the end of its most recent quarter ended June 29, and its total debt was $12.72 billion. The value of shareholders’ equity is $522.8 million.
Technical Picture
This quick technical analysis looks at PACCAR Inc’s (PCAR) price momentum. With a historical volatility rate of 18.52%, the RSI 9-day stood at 38.73% on 04 August.
With respect to its five-day moving average, the current PACCAR Inc price is down by -1.69% percent or -$1.44. At present, PCAR shares trade +1.93% above its 20-day simple moving average and +17.47% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.52% above its SMA50 and +41.64% above its SMA200.
Stochastic coefficient K was 42.54% and Stochastic coefficient D was 50.43%, while ATR was 1.92. Given the Stochastic reading of 30.66% for the 14-day period, the RSI (14) reading has been calculated as 47.42%. As of today, the MACD Oscillator reading stands at -0.49, while the 14-day reading stands at -1.68.
Analyst Ratings
Jefferies upgraded its rating on PACCAR Inc (NASDAQ: PCAR) to a Buy in a note to investors on July 17, 2023. The analysts firm previously had a Hold rating on the stock.PACCAR Inc (PCAR) has been rated Hold by analysts. According to 1 brokerage firm, PCAR is a sell, and 14 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate PACCAR Inc stock as buy, with 3 recommending it as overweight.
With a median target price of $87.00, the current consensus forecast for the stock is $78.00 – $115.00. Based on these forecasts, analysts predict PACCAR Inc (PCAR) will achieve an average price target of $89.13.
