Paccar Inc. (NASDAQ: PCAR) has a higher price-to-earnings ratio of 10.39x compared to its average ratio, The 36-month beta value for PCAR is at 0.90. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 14 as “hold,” and 1 as “sell.”
The public float for PCAR is 514.75M, and currently, shorts hold a 2.81% of that float. The average trading volume for PCAR on October 02, 2024 was 2.80M shares.
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PCAR) stock’s latest price update
Paccar Inc. (NASDAQ: PCAR) has seen a decline in its stock price by -0.64 in relation to its previous close of 98.68. However, the company has experienced a -1.13% decline in its stock price over the last five trading sessions. zacks.com reported 2024-09-27 that In the closing of the recent trading day, Paccar (PCAR) stood at $98.13, denoting a +0.33% change from the preceding trading day.
PCAR’s Market Performance
PCAR’s stock has fallen by -1.13% in the past week, with a monthly rise of 1.94% and a quarterly drop of -2.83%. The volatility ratio for the week is 2.18% while the volatility levels for the last 30 days are 2.03% for Paccar Inc. The simple moving average for the past 20 days is 1.63% for PCAR’s stock, with a -6.25% simple moving average for the past 200 days.
Analysts’ Opinion of PCAR
Citigroup, on the other hand, stated in their research note that they expect to see PCAR reach a price target of $115. The rating they have provided for PCAR stocks is “Neutral” according to the report published on June 26th, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to PCAR, setting the target price at $123 in the report published on March 26th of the current year.
PCAR Trading at 2.10% from the 50-Day Moving Average
After a stumble in the market that brought PCAR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.87% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +2.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.10% lower at present.
During the last 5 trading sessions, PCAR fell by -1.13%, which changed the moving average for the period of 200-days by -0.01% in comparison to the 20-day moving average, which settled at $96.60. In addition, Paccar Inc. saw 0.41% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PCAR starting from FEIGHT R PRESTON, who sale 27,834 shares at the price of $98.70 back on Jul 31 ’24. After this action, FEIGHT R PRESTON now owns 162,782 shares of Paccar Inc., valued at $2,747,266 using the latest closing price.
FEIGHT R PRESTON, the Officer of Paccar Inc., proposed sale 27,834 shares at $98.70 during a trade that took place back on Jul 31 ’24, which means that FEIGHT R PRESTON is holding shares at $2,747,265 based on the most recent closing price.
Stock Fundamentals for PCAR
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.2 for the gross margin
The net margin for Paccar Inc. stands at 0.14. The total capital return value is set at 0.16. Equity return is now at value 30.28, with 12.72 for asset returns.
Based on Paccar Inc. (PCAR), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 1.11. The interest coverage ratio of the stock is -61.06.
Currently, EBITDA for the company is 6.87 billion with net debt to EBITDA at 1.3. When we switch over and look at the enterprise to sales, we see a ratio of 1.7. The receivables turnover for the company is 12.92for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.23.
Conclusion
In conclusion, Paccar Inc. (PCAR) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
