PACCAR (PCAR) Getting Somewhat Favorable Media Coverage, Accern Reports
Press coverage about PACCAR (NASDAQ:PCAR) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PACCAR earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.997240056913 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- What’s in Store for PACCAR (PCAR) This Earnings Season? (nasdaq.com)
- What's in Store for PACCAR (PCAR) This Earnings Season? (finance.yahoo.com)
- Hot Tickers: Extraction Oil & Gas, Inc. (XOG), PACCAR Inc (PCAR) – Market Movers (financialqz.com)
- PACCAR (PCAR) Set to Announce Quarterly Earnings on Tuesday (americanbankingnews.com)
- PACCAR Inc, (NASDAQ: PCAR) – Signals from Technical Perspective – Stock Watch (stocksnewstimes.com)
A number of analysts recently weighed in on PCAR shares. Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Tuesday, January 2nd. Wells Fargo & Co upped their target price on shares of PACCAR from $75.00 to $80.00 and gave the company a “market perform” rating in a research note on Thursday, January 18th. Citigroup upped their target price on shares of PACCAR from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, October 13th. BidaskClub raised shares of PACCAR from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $85.00 target price on shares of PACCAR in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $75.58.
PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.06. The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.57 billion. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. equities analysts expect that PACCAR will post 4.19 EPS for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th were paid a dividend of $1.20 per share. The ex-dividend date was Wednesday, December 13th. This represents a yield of 1.4%. PACCAR’s dividend payout ratio is 25.64%.
In other news, insider Mark C. Pigott sold 98,956 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $71.37, for a total transaction of $7,062,489.72. Following the sale, the insider now directly owns 2,985,401 shares of the company’s stock, valued at $213,068,069.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP C Michael Dozier sold 3,618 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $69.02, for a total transaction of $249,714.36. The disclosure for this sale can be found here. Insiders have sold 106,598 shares of company stock worth $7,597,908 over the last ninety days. Insiders own 2.64% of the company’s stock.
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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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