Growth Story Still Intact For Paccar Inc. (PCAR)

Paccar Inc. (PCAR) concluded trading on Thursday at a closing price of $113.76, with 2.24 million shares of worth about $254.4 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.37% during that period and on April 18, 2024 the price saw a loss of about -1.87%. Currently the company’s common shares owned by public are about 523.30M shares, out of which, 514.58M shares are available for trading.

Stock saw a price change of -4.31% in past 5 days and over the past one month there was a price change of -5.98%. Year-to-date (YTD), PCAR shares are showing a performance of 16.50% which increased to 60.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $66.17 but also hit the highest price of $125.50 during that period. The average intraday trading volume for Paccar Inc. shares is 2.27 million. The stock is currently trading -6.03% below its 20-day simple moving average (SMA20), while that difference is down -1.30% for SMA50 and it goes to 21.01% higher than SMA200.

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Paccar Inc. (NASDAQ: PCAR) currently have 523.30M outstanding shares and institutions hold larger chunk of about 66.39% of that.

The stock has a current market capitalization of $59.61B and its 3Y-monthly beta is at 0.93. PE ratio of stock for trailing 12 months is 12.98, while it has posted earnings per share of $8.76 in the same period. Its PEG reads 1.92 and has Quick Ratio of 0.89 while making debt-to-equity ratio of 0.90. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PCAR, volatility over the week remained 2.23% while standing at 1.90% over the month.

Analysts are in expectations that Paccar Inc. (PCAR) stock would likely to be making an EPS of $Avis Budget Group, Inc. in the current quarter, while forecast for next quarter EPS is $102.00 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $U Power Limited which is $Procore Technologies, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $PMAR in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -14.78% while it is estimated to increase by 6.27% in next year. EPS is likely to shrink at an annualized rate of 6.76% for next 5-years, compared to annual growth of 16.07% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on March 26, 2024 offering a Sector perform rating for the stock and assigned a target price of $123 to it. On March 14, 2024, Truist Initiated their recommendations, while on January 24, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $108. Stock get a Neutral rating from BofA Securities on January 19, 2024.

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