As of Friday close, PACCAR Inc’s (NASDAQ:PCAR) stock was up $1.12, moving up 1.34 percent to $84.93. The average number of shares traded per day over the past five days has been 1,740,420 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.29 fall in that time frame. In the last twenty days, the average volume was 2,376,870, while in the previous 50 days, it was 2,464,612.
Since last month, PCAR stock retreated -0.84%. Shares of the company fell to $81.46 on 08/29/23, 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 28.72% or $18.95, and marked a new high 27 times. However, the stock has declined by -5.69% since its 52-week high.
PCAR stock investors should be aware that PACCAR Inc (PCAR) stock had its last reported insider trading activity 52 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 16.55. The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 1.37, the price-to-book (PB) ratio of 4.43, and the price-to-cash flow ratio of 18.84 may also be considered.
The latest dividend of $0.27 per share was paid out, remained unchanged from last year’s $0.27.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 30 was 0.83, and the total debt-to-equity ratio was 0.83. On the profitability front, the trailing twelve-month gross margin is 21.50% percent. In the year ended June 30, operating margins totaled 16.30%. 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 26.50%.
In PACCAR Inc’s quarter-end financial report for June 30, it reported total debt of $8.06 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 30, 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 25.48%, the RSI 9-day stood at 51.87% on 22 September.
With respect to its five-day moving average, the current PACCAR Inc price is down by -0.34% percent or -$0.29. At present, PCAR shares trade +0.83% above its 20-day simple moving average and +13.56% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.98% below its SMA50 and +23.25% above its SMA200.
Stochastic coefficient K was 56.89% and Stochastic coefficient D was 64.87%, while ATR was 1.81. Given the Stochastic reading of 61.81% for the 14-day period, the RSI (14) reading has been calculated as 51.61%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at 0.22.
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 2 recommending it as overweight.
With a median target price of $88.50, 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 $89.50.
