PACCAR Inc (NASDAQ:PCAR) saw an upside of 0.04% to $85.45 after adding $0.03 on Wednesday. The 5-day average trading volume is 2,000,291 shares of the company’s common stock. It has gained $86.38 in the past week and touched a new high 2 times within the past 5 days. An average of 3,014,548 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,626,699.
PCAR’s 1-month performance is -0.79% or $3.18 on its low of $81.18 reached on 07/25/23. The company’s shares have touched a 52-week low of $53.15 and high of $90.05, with the stock’s rally to the 52-week high happening on 07/20/23. YTD, PCAR has achieved 29.51% or $19.51 and has reached a new high 27 times. However, the current price is down -5.11% from the 52-week high price.
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Insider Transactions
PCAR stock investors last saw insider trading activity on Aug 02.FEIGHT R PRESTON (CHIEF EXECUTIVE OFFICER) most recently sold 56,000 shares at $85.96 per share on Aug 02. This transaction cost the insider $4,813,967. PRESIDENT & CFO, SCHIPPERS HARRIE, sold 24,000 shares at a price of $86.07 on Aug 02. Then, on Aug 01, CHIEF EXECUTIVE OFFICER FEIGHT R PRESTON sold 56,059 shares at a price of $86.07 per share. This transaction amounted to $4,824,998.
Valuation Metrics
PCAR stock has a beta of 0.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.39 while the price-to-book (PB) in the most recent quarter is 2.97, with the price to cash flow ratio at 50.67.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.83, while the total debt to equity was 0.83. In terms of profitability, the gross margin trailing 12 months is 21.50%. The trailing 12-month EBITDA margin is 15.53% while for the period ending June 29, PACCAR Inc’s operating margin was 16.30%. The firm’s gross profit as reported stood at $5.53 billion against revenue of $28.82 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, PACCAR Inc’s cash and short-term investments amounted to $1.64 billion against total debt of $12.72 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 18.18% to $733.9 million, while revenue of $921.3 million was -25.53% off the previous quarter. Analysts expected PCAR to announce $2.18 per share in earnings in its latest quarter, but it posted $2.33, representing a 6.90% surprise. EBITDA for the quarter stood at more than $1.95 billion. PCAR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 21.79 billion, with total debt at $12.72 billion. Shareholders hold equity totaling $522.8 million.
Let’s look briefly at PACCAR Inc (PCAR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 50.88% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.01%.
The stock’s 5-day moving average is $84.87, reflecting a -0.67% or -$0.58 change from its current price. PCAR is currently trading -0.86% above its 20-day SMA, +20.66% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +19.82% and SMA200 by+46.44%.
Stochastic %K and %D was 46.31% and 40.88% and the average true range (ATR) pointed at 1.77. The RSI (14) points at 54.09%, while the 14-day stochastic is at 52.12% with the period’s ATR at 1.80. The stock’s 9-day MACD Oscillator is pointing at -0.18 and -0.62 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for PACCAR Inc (NASDAQ: PCAR), Jefferies upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for PCAR stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate PCAR as a “sell,”, while 15 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 3 have offered a “buy” rating.
What is PCAR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $78.00 and a high of $115.00, with their median price target at $88.50. Looking at these predictions, the average price target given by analysts is for PACCAR Inc (PCAR) stock is $89.84.
