The stock of PACCAR Inc (NASDAQ:PCAR) decreased by -$2.32 on Tuesday to finish at $82.86, down -2.72 percent. The last five days have seen an average of 1,863,160 shares of common stock traded. 27 times new highs were reached in the current year, with a gain of $16.88. The average number of shares traded over the last 20 days was 1,804,510, while the average volume over the last 50 days totaled 2,410,886.
PCAR stock dropped -3.80% since last month. On 08/29/23, the company’s shares reached a one-month low of $81.46. The stock touched a high of $90.05 on 07/20/23, after rallying from a low of $53.15 in 52 weeks. The price of PCAR stock has risen by 25.58% or $16.88 this year, reaching a new high 27 times. Still, the stock price is down -7.98% 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 28 days ago on Aug 02. On Aug 02, CHIEF EXECUTIVE OFFICER FEIGHT R PRESTON sold 56,000 shares at $85.96 each. This transaction resulted in the insider making $4,813,967. On Aug 02, SCHIPPERS HARRIE sold 24,000 shares at a price of US$86.07. After the transaction, the insider now owns 93,522 shares. CHIEF EXECUTIVE OFFICER FEIGHT R PRESTON had earlier sold 56,059 shares on Aug 01 for $86.07 a share. The transaction was completed for $4,824,998.
Valuation Metrics
PACCAR Inc (PCAR) has a trailing price-to-earnings (P/E) ratio of 16.15. Beta for the stock is 0.95. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.32, the price-to-book (PB) ratio of 4.32, and the price-to-cash flow ratio of 18.12.
Company paid $0.27 per share in dividends, an increase of 8.0% from $0.25 last year. A $0.02 dividend increase was reported on Tuesday July 11 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.83, and the total debt to equity ratio is 0.83. As far as profitability goes, gross margin for the trailing twelve months is 21.50% percent. PACCAR Inc’s EBITDA margin for the year ended June 29 was 15.53%, whereas its operating margin stood at 16.30% for the same period. Based on annual data, it had gross profit of $5.53 billion and revenue of $28.82 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PCAR’s return on assets (ROA) during the last 12 months has been 10.80%. There was a 12.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 26.50%.
Earnings Surprise
According to PACCAR Inc’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $8.47 billion, while revenues rose by 23.61% to $8.13 billion. It was predicted that PACCAR Inc’s quarterly earnings would be $2.33, but it ended up being $2.18, beating the consensus by 6.90%. EBITDA was $1.95 billion for the quarter. At the end of PACCAR Inc’s most recent quarter ended June 29, its liabilities totaled 21.79 billion, while its total debt was $12.72 billion. Equity owned by shareholders amounts to $522.8 million.
Technical Picture
Here’s a quick look at PACCAR Inc’s (PCAR) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 35.50%, suggesting the stock is Neutral, with a 19.42% historical volatility rate.
The stochastic %K and %D were 46.76% and 49.84% respectively, while the average true range (ATR) was 1.66. Based on the 14-day stochastic reading of 27.72%, the RSI (14) reading is 41.16%. On the 9-day MACD Oscillator, the stock is at -0.24, and the 14-day reading is at -0.55.
Analyst Ratings
In its most recent analyst report, Jefferies raised its rating on PACCAR Inc (NASDAQ: PCAR) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned PACCAR Inc (PCAR) an Hold rating. PCAR is a stock that is recommended for selling by 1 brokerage firm, while 14 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is PCAR’s price target for the next 12 months?
The current consensus forecast for the stock is between $78.00 and $115.00, with a median target price of $90.00. In analyzing these forecasts, the average price target given by analysts for PACCAR Inc (PCAR) is $90.41.
