The stock of Paccar Inc. (NASDAQ: PCAR) has decreased by -0.37 when compared to last closing price of 107.07.Despite this, the company has seen a gain of 1.79% in its stock price over the last five trading days. youtube.com reported 2024-10-23 that The Investment Committee debate the latest Calls Of The Day.
Is It Worth Investing in Paccar Inc. (NASDAQ: PCAR) Right Now?
The price-to-earnings ratio for Paccar Inc. (NASDAQ: PCAR) is 11.92x, which is above its average ratio. Moreover, the 36-month beta value for PCAR is 0.90. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 14 as “hold,” and 1 as “sell.”
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The public float for PCAR is 514.75M and currently, short sellers hold a 2.79% of that float. On October 30, 2024, PCAR’s average trading volume was 2.65M shares.
PCAR’s Market Performance
PCAR’s stock has seen a 1.79% increase for the week, with a 8.10% rise in the past month and a 8.12% gain in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 2.06% for Paccar Inc.. The simple moving average for the past 20 days is 1.37% for PCAR’s stock, with a 1.08% 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 6.86% 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 -15.00% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares surge +8.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.15% upper at present.
During the last 5 trading sessions, PCAR rose by +1.79%, which changed the moving average for the period of 200-days by +13.42% in comparison to the 20-day moving average, which settled at $105.23. In addition, Paccar Inc. saw 9.24% 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 BANEY KEVIN D, who sale 9,894 shares at the price of $107.00 back on Oct 28 ’24. After this action, BANEY KEVIN D now owns 7,121 shares of Paccar Inc., valued at $1,058,671 using the latest closing price.
SCHIPPERS HARRIE, the PRESIDENT & CFO of Paccar Inc., sale 20,000 shares at $106.93 during a trade that took place back on Oct 28 ’24, which means that SCHIPPERS HARRIE is holding 105,558 shares at $2,138,564 based on the most recent closing price.
Stock Fundamentals for PCAR
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.19 for the gross margin
The net margin for Paccar Inc. stands at 0.14. The total capital return value is set at 0.14. Equity return is now at value 27.14, with 11.58 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 1.68. The receivables turnover for the company is 15.13for trailing twelve months and the total asset turnover is 1.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.91.
Conclusion
To wrap up, the performance of Paccar Inc. (PCAR) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
