Stifel Nicolaus set a $69.00 target price on PACCAR (NASDAQ:PCAR) in a research note published on Sunday morning. The brokerage currently has a hold rating on the stock.

A number of other analysts have also weighed in on PCAR. Buckingham Research increased their target price on shares of PACCAR from $73.00 to $75.00 and gave the stock a neutral rating in a report on Wednesday, January 31st. Credit Suisse Group dropped their target price on shares of PACCAR from $75.00 to $74.00 and set a neutral rating for the company in a report on Wednesday, January 31st. Zacks Investment Research upgraded shares of PACCAR from a hold rating to a strong-buy rating and set a $86.00 target price for the company in a report on Friday, February 2nd. Wells Fargo & Co dropped their target price on shares of PACCAR from $77.00 to $75.00 and set a market perform rating for the company in a report on Wednesday, October 25th. Finally, Royal Bank of Canada reiterated a buy rating and set a $82.00 target price on shares of PACCAR in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $76.26.

Shares of PACCAR (PCAR) opened at $69.12 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.90 and a current ratio of 1.08. The firm has a market cap of $24,260.00, a PE ratio of 14.55, a PEG ratio of 1.30 and a beta of 1.22. PACCAR has a 1-year low of $61.93 and a 1-year high of $79.69.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 30th. The company reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. The company had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.87 billion. PACCAR had a net margin of 8.61% and a return on equity of 19.65%. PACCAR’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. research analysts predict that PACCAR will post 5.26 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th will be issued a $0.25 dividend. The ex-dividend date is Monday, February 12th. This represents a $1.00 annualized dividend and a yield of 1.45%. PACCAR’s dividend payout ratio (DPR) is presently 21.05%.

Institutional investors and hedge funds have recently modified their holdings of the business. NuWave Investment Management LLC purchased a new stake in PACCAR in the fourth quarter worth about $160,000. Fuller & Thaler Asset Management Inc. purchased a new stake in PACCAR in the fourth quarter worth about $171,000. Hartland & Co. LLC purchased a new stake in PACCAR in the third quarter worth about $206,000. Regentatlantic Capital LLC purchased a new stake in PACCAR in the fourth quarter worth about $202,000. Finally, Checchi Capital Advisers LLC purchased a new stake in PACCAR in the fourth quarter worth about $206,000. Institutional investors and hedge funds own 62.97% of the company’s stock.

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About PACCAR

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.

Analyst Recommendations for PACCAR (NASDAQ:PCAR)

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