Brokerage Firm Rating Update on PACCAR (PCAR)

PACCAR (PCAR) : The consensus on PACCAR (PCAR) based on 15 analyst recommendation on the company stock is 2.6, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

PACCAR (PCAR) : Average target price received by PACCAR (PCAR) is $57.46 with an expected standard deviation of $8.47. The most aggressive target on the stock is $70, whereas the most downbeat target is $44. 11 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Jefferies maintains its outlook on PACCAR (NASDAQ:PCAR). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $65 per share to $70 per share. The rating by the firm was issued on September 1, 2016.

PACCAR (NASDAQ:PCAR): stock was range-bound between the intraday low of $57.35 and the intraday high of $57.99 after having opened at $57.99 on Wednesdays session. The stock finally closed in the red at $57.99, a loss of -0.61%. The stock remained in the red for the whole trading day. The total traded volume was 5,000,819 shares. The stock failed to cross $57.99 in Wednesdays trading. The stocks closing price on Thursday was $57.84.

PACCAR Inc is a company operating in three principal industry segments: the Truck segment, includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, includes finance and leasing products and services provided to customers and dealers in the United States, Canada, Mexico, Europe and Australia. The Company also operates in Australia and Brazil, and sells trucks and parts to customers in Asia, Africa, Middle East and South America. The Companys trucks are marketed under the Kenworth, Peterbilt and DAF nameplates. It also manufactures industrial winches in two plants in the United States.

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