Saturday, April 4, 2020

PACCAR Inc (PCAR) Stock trading around $79.53 per share: What’s Next?

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PACCAR Inc (NASDAQ:PCAR) stock went on an upward path that rose over 0.49% on Thursday, amounting to a one-week price decrease of more than -0.43%. Over the last 12 months, PCAR stock dropped by 39.93%. The one-year PCAR stock forecast points to a potential upside of 0.08, with the average price target set at $74.67 per share. The average equity rating for PCAR stock is currently 3.00, trading closer to a bullish pattern in the stock market.

The market cap for PCAR stock reached $27.44 billion, with 345.01 million shares outstanding and 339.59 million shares in the current float. Compared to the average trading volume of 1.78M shares, PCAR reached a trading volume of 1177374 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on PACCAR Inc (PCAR):

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PCAR shares is $73.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PCAR stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA/Merrill have made an estimate for PACCAR Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 14, 2019. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $87 to $66. The new note on the price target was released on July 24, 2019, representing the official price target for PACCAR Inc stock. Previously, the target price had yet another drop from $70 to $62, while Loop Capital kept a Sell rating on PCAR stock.

The Average True Range (ATR) for PACCAR Inc is set at 1.39, with the Price to Sales ratio for PCAR stock in the period of the last 12 months amounting to 1.07. The Price to Book ratio for the last quarter was 2.77, with the Price to Cash per share for the same quarter was set at 13.85. Price to Free Cash Flow for PCAR in the course of the last twelve months was 20.39 with Quick ratio for the last quarter at 4.40.

PCAR Stock Performance Analysis:

PACCAR Inc (PCAR) fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.43. With this latest performance, PCAR shares gained by 13.50% in over the last four-week period, additionally plugging by 14.86% over the last 6 months – not to mention a rise of 39.93% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PCAR stock in for the last two-week period is set at 68.08, with the RSI for the last a single of trading hit 69.47, and the three-weeks RSI is set at 67.71 for PACCAR Inc (PCAR). The present Moving Average for the last 50 days of trading for this stock 72.63, while it was recorded at 79.62 for the last single week of trading, and 69.55 for the last 200 days.

Insight into PACCAR Inc Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and PACCAR Inc (PCAR) shares currently have an operating margin of +10.88 and a Gross Margin at +14.99. PACCAR Inc’s Net Margin is presently recorded at +9.34.

Return on Total Capital for PCAR is now 14.42, given the latest momentum, and Return on Invested Capital for the company is 16.94. Return on Equity for this stock inclined to 26.38, with Return on Assets sitting at 8.97. When it comes to the capital structure of this company, PACCAR Inc (PCAR) has a Total Debt to Total Equity ratio set at 115.80. Additionally, PCAR Total Debt to Total Capital is recorded at 53.66, with Total Debt to Total Assets ending up at 39.05. Long-Term Debt to Equity for the company is recorded at 56.72, with the Long-Term Debt to Total Capital now at 26.28.

Reflecting on the efficiency of the workforce at the company, PACCAR Inc (PCAR) managed to generate an average of $78,396 per employee. Receivables Turnover for the company is 19.25 with a Total Asset Turnover recorded at a value of 0.96. PACCAR Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.40 and a Current Ratio set at 4.80.

PCAR Stock EPS

With the latest financial reports released by the company, PACCAR Inc posted 1.65/share EPS, while the average EPS was predicted by analysts to be reported at 1.53/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PCAR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PACCAR Inc go to -2.69%.

PACCAR Inc (PCAR) Insider Position Details

There are presently around $17,880 million, or 67.60% of PCAR stock, in the hands of institutional investors. The top three institutional holders of PCAR stocks are: VANGUARD GROUP INC with ownership of 28,272,678, which is approximately 1.002% of the company’s market cap and around 1.50% of the total institutional ownership; BLACKROCK INC., holding 27,065,291 shares of the stock with an approximate value of $2.0 billion in PCAR stocks shares; and STATE STREET CORP, currently with $1.0 billion in PCAR stock with ownership of nearly 1.089% of the company’s market capitalization.

Positions in PACCAR Inc stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 292 institutional holders increased their position in PACCAR Inc (NASDAQ:PCAR) by around 11,281,063 shares. Additionally, 266 investors decreased positions by around 13,455,198 shares, while 102 investors held positions by with 201,194,172 shares. The mentioned changes placed institutional holdings at 225,930,433 shares, according to the latest SEC report filing. PCAR stock had 53 new institutional investments in for a total of 1,397,066 shares, while 61 institutional investors sold positions of 1,905,513 shares during the same period.

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