Paccar Inc. (NASDAQ: PCAR) – Not A Clear Buying Opportunity?

Paccar Inc. (PCAR) concluded trading on Wednesday at a closing price of $102.01, with 1.86 million shares of worth about $189.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.40% during that period and on Wednesday the price saw a gain of about 1.09%. Currently the company’s common shares owned by public are about 523.30M shares, out of which, 514.72M shares are available for trading.

Stock saw a price change of -2.19% in past 5 days and over the past one month there was a price change of -3.30%. Year-to-date (YTD), PCAR shares are showing a performance of 4.46% which increased to 26.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $78.27 but also hit the highest price of $125.50 during that period. The average intraday trading volume for Paccar Inc. shares is 2.77 million. The stock is currently trading -3.88% below its 20-day simple moving average (SMA20), while that difference is down -4.94% for SMA50 and it goes to 1.42% higher than SMA200.

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Paccar Inc. (NASDAQ: PCAR) currently have 523.30M outstanding shares and institutions hold larger chunk of about 66.87% of that.

The stock has a current market capitalization of $53.47B and its 3Y-monthly beta is at 0.92. PE ratio of stock for trailing 12 months is 10.59, while it has posted earnings per share of $9.63 in the same period. Its PEG reads 1.57 and has Quick Ratio of 1.65 while making debt-to-equity ratio of 0.83. 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 2.28% while standing at 1.89% over the month.

Stock’s fiscal year EPS is expected to drop by -13.73% while it is estimated to increase by 4.53% 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.

Coverage by Citigroup stated Paccar Inc. (PCAR) stock as a Neutral in their note to investors on June 26, 2024, suggesting a price target of $115 for the stock. Stock get a Hold rating from Truist on March 14, 2024.

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