PACCAR (PCAR) PT Set at $78.00 by Susquehanna Bancshares
PACCAR (NASDAQ:PCAR) has been given a $78.00 price objective by equities researchers at Susquehanna Bancshares in a report released on Friday. The firm currently has a “hold” rating on the stock. Susquehanna Bancshares’ target price indicates a potential upside of 12.93% from the company’s current price.
A number of other research firms have also recently weighed in on PCAR. Wells Fargo & Co increased their price objective on shares of PACCAR from $75.00 to $80.00 and gave the stock a “market perform” rating in a report on Thursday, January 18th. Seaport Global Securities reaffirmed a “neutral” rating on shares of PACCAR in a report on Tuesday, January 16th. Stifel Nicolaus reissued a “hold” rating and set a $77.00 target price on shares of PACCAR in a research note on Tuesday, January 30th. Buckingham Research raised their target price on shares of PACCAR from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reissued a “buy” rating and set a $82.00 target price on shares of PACCAR in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $76.24.
Shares of PACCAR (PCAR) opened at $69.07 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.49 and a quick ratio of 2.34. PACCAR has a twelve month low of $61.93 and a twelve month high of $79.69. The firm has a market cap of $24,640.00, a PE ratio of 16.21, a P/E/G ratio of 1.32 and a beta of 1.21.
In other PACCAR news, VP Marco A. Davila acquired 570 shares of PACCAR stock in a transaction dated Friday, February 16th. The stock was bought at an average price of $69.05 per share, for a total transaction of $39,358.50. Following the transaction, the vice president now owns 7,536 shares in the company, valued at approximately $520,360.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.64% of the company’s stock.
Several large investors have recently bought and sold shares of PCAR. Nationwide Fund Advisors boosted its position in shares of PACCAR by 2.0% during the 3rd quarter. Nationwide Fund Advisors now owns 116,603 shares of the company’s stock valued at $8,435,000 after purchasing an additional 2,334 shares in the last quarter. State of Wisconsin Investment Board boosted its position in shares of PACCAR by 6.9% during the 3rd quarter. State of Wisconsin Investment Board now owns 301,659 shares of the company’s stock valued at $21,822,000 after purchasing an additional 19,422 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of PACCAR by 95.3% during the 3rd quarter. Gamco Investors INC. ET AL now owns 141,000 shares of the company’s stock valued at $10,200,000 after purchasing an additional 68,800 shares in the last quarter. American Century Companies Inc. boosted its position in shares of PACCAR by 1.7% during the 3rd quarter. American Century Companies Inc. now owns 718,760 shares of the company’s stock valued at $51,995,000 after purchasing an additional 12,031 shares in the last quarter. Finally, Boston Partners bought a new position in shares of PACCAR during the 3rd quarter valued at about $155,973,000. Institutional investors own 63.00% of the company’s stock.
PACCAR Company Profile
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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