PACCAR (PCAR) Receiving Somewhat Positive Press Coverage, Accern Reports
Headlines about PACCAR (NASDAQ:PCAR) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PACCAR earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the company an impact score of 75 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Insider Selling: PACCAR Inc. (NASDAQ:PCAR) Insider Sells 2,786 Shares of Stock (americanbankingnews.com)
- PACCAR Inc. (NASDAQ:PCAR) Experiences Lighter than Average Trading Volume – Highlight Press (highlightpress.com)
- PACCAR Inc (PCAR) AO Signal Trending Downward – Evergreen Caller (evergreencaller.com)
- Q4 2017 EPS Estimates for PACCAR Inc. (PCAR) Reduced by Analyst (americanbankingnews.com)
- Clues to Identify Price Direction: Radian Group Inc. (RDN), PACCAR Inc (PCAR) – AllStockNews (allstocknews.com)
Shares of PACCAR (PCAR) traded up 0.25% during trading on Thursday, reaching $67.61. The company’s stock had a trading volume of 1,607,993 shares. The stock has a market cap of $23.75 billion, a P/E ratio of 16.65 and a beta of 1.14. PACCAR has a 52-week low of $53.38 and a 52-week high of $70.32. The stock has a 50-day moving average of $66.57 and a 200-day moving average of $66.49.
PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, July 25th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.07. PACCAR had a net margin of 7.77% and a return on equity of 18.61%. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts predict that PACCAR will post $3.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Monday, August 14th. PACCAR’s dividend payout ratio (DPR) is 26.74%.
A number of research analysts have weighed in on the company. OTR Global upgraded PACCAR to a “positive” rating in a research note on Tuesday, April 18th. Citigroup Inc. raised their price target on PACCAR from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Piper Jaffray Companies downgraded PACCAR from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $72.00 to $66.00 in a research note on Tuesday, April 18th. BMO Capital Markets restated a “buy” rating and issued a $85.00 price target on shares of PACCAR in a research note on Thursday, April 20th. Finally, BidaskClub upgraded PACCAR from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $72.00.
TRADEMARK VIOLATION WARNING: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.thecerbatgem.com/2017/08/03/somewhat-positive-news-coverage-likely-to-affect-paccar-pcar-share-price-updated-updated-updated.html.
In other news, insider T. Kyle Quinn sold 2,786 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $67.89, for a total transaction of $189,141.54. Following the completion of the transaction, the insider now owns 20,800 shares of the company’s stock, valued at $1,412,112. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.64% of the company’s stock.
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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