PACCAR Inc (NASDAQ:PCAR) finished Friday with an addition of $0.55 to close at $84.78, an upside of 0.65 percent. An average of 1,501,420 shares of common stock have been traded in the last five days. There was a gain of $0.12 in the past week, and it reached a new high 39 times over the past 12 months. The last 20 days have seen an average of 1,796,370 shares traded, while the 50-day average volume stands at 2,428,912.
PCAR stock has decreased by -0.67% in the last month. The company shares reached their 1-month lowest point of $83.01 on 08/18/23. With the stock rallying to its 52-week high on 07/20/23, shares of the company touched a low of $53.15 and a high of $90.05 in 52 weeks. It has reached a new high 27 times so far this year and achieved 28.49% or $18.80 in price. In spite of this, the price is down -5.85% from the 52-week high.
Insider Transactions
PCAR stock investors should be aware that PACCAR Inc (PCAR) stock had its last reported insider trading activity 24 days ago on Aug 02. In this transaction, the insider spent $4,813,967. PRESIDENT & CFO, SCHIPPERS HARRIE, disposed of 24,000 shares at a price of $86.07 on Aug 02. The insider now owns more than $2,065,757 worth of shares. Prior to that, CHIEF EXECUTIVE OFFICER FEIGHT R PRESTON went on to Sale 56,059 shares at $86.07 each on Aug 01. An amount of $4,824,998 was transacted.
Valuation Metrics
PACCAR Inc (PCAR) has a trailing price-to-earnings (P/E) ratio of 14.35. The stock’s beta is 0.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.35, the price-to-book (PB) ratio at 2.94, and the price-to-cash flow ratio at 18.46.
The company has a payout ratio of 48.00%. The company’s most recent quarterly dividend payment was $0.27 a share, representing a up of 8.0% from $0.25 last year. Its latest increase dividend $0.02 reported on Tuesday July 11 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.83 and a total debt to equity ratio of 0.83 for the quarter ending June 29. PACCAR Inc’s EBITDA margin for the year ending June 29 is 15.53%, while its operating margin for the same period stands at 16.30%. Its gross profit as reported stood at $5.53 billion compared to revenue of $28.82 billion.
Earnings Surprise
For the three-month period that ended June 29, PACCAR Inc had $8.06 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $733.9 million in the quarter, while revenues of $921.3 million were grew 18.18%. The analyst consensus anticipated PACCAR Inc’s latest quarter earnings to come in at $2.18 per share, but it turned out to be $2.33, a 6.90% surprise. For the quarter, EBITDA amounted to $1.95 billion. Shareholders own equity worth $522.8 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at PACCAR Inc (PCAR) price momentum. RSI 9-day as of the close on 25 August was 48.06%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.45%.
As of today, PCAR’s price is $84.83 +0.14% or $0.12 from its 5-day moving average. PCAR is currently trading -0.66% lower than its 20-day SMA and +16.07% higher than its 100-day SMA. However, the stock’s current price level is +8.61% above the SMA50 and +28.27% above the SMA200.
The stochastic %K and %D were 53.62% and 55.65%, respectively, and the average true range (ATR) was 1.45. With the 14-day stochastic at 50.57% and the average true range at 1.53, the RSI (14) stands at 49.98%. The stock has reached 0.20 on the 9-day MACD Oscillator while the 14-day reading was at -0.14.
Analyst Ratings
Jefferies upgraded PACCAR Inc (NASDAQ: PCAR) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for PACCAR Inc (PCAR) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell PCAR, while 14 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is PCAR’s price target for the next 12 months?
Analysts predict a range of price targets between $78.00 and $115.00, with a median target of $90.00. Taking a look at these predictions, the average price target given by analysts for PACCAR Inc (PCAR) stock is $90.41.
