Impact of Brokerage Rating on PACCAR Inc.(PCAR)

Many PACCAR Inc.(PCAR) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. PACCAR Inc was Upgraded by Longbow to Neutral on Jan 19, 2017. Company shares were Upgraded by BMO Capital Markets on Jan 13, 2017 to Outperform, Raises Price Target to $ 85 from a previous price target of $57 .Company shares were Upgraded by RBC Capital Mkts on Jan 13, 2017 to Outperform, Raises Price Target to $ 75 from a previous price target of $54 .Company shares were Downgraded by Robert W. Baird on Jan 3, 2017 to Neutral, Raises Price Target to $ 62 from a previous price target of $60 .PACCAR Inc was Upgraded by JP Morgan to Neutral on Dec 9, 2016.

Company has reported several Insider transactions to the SEC, on Feb 10, 2017, Robert A. Bengston (Senior Vice President) sold 20,472 shares at 68.18 per share price.On Feb 9, 2017, Michael T Barkley (SR. VICE PRESIDENT/CONTROLLER) sold 881 shares at 68.52 per share price.On Feb 7, 2017, Ronald E Armstrong (Chief Executive Officer) sold 31,326 shares at 68.29 per share price.

PACCAR Inc Last issued its quarterly earnings results on Jan 31, 2017. The company reported $0.82 EPS for the quarter, missing the analyst consensus estimate by $ -0.05. Analyst had a consensus of $0.87. The company had revenue of $3767.00 million for the quarter, compared to analysts expectations of $3862.54 million. The companys revenue was down -7.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.98 EPS.

PACCAR Inc. (NASDAQ:PCAR) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.33 by 18 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 7 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.

PACCAR Inc. (NASDAQ:PCAR): 15 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $67.13 in PACCAR Inc. (NASDAQ:PCAR). However, the stock price could fluctuate by $ 11.25 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $85 price target with the lower price estimate is calculated at $44

PACCAR Inc. (NASDAQ:PCAR) rose 0.29% or 0.2 points on Tuesday and made its way into the gainers of the day. After trading began at $69.74 the stock was seen hitting $70.12 as a peak level and $69.53 as the lowest level. The stock ended up at $70.07. The daily volume was measured at 2,006,624 shares. The 52-week high of the share price is $70.12 and the 52-week low is $48.17. The company has a market cap of $24,574 million.

PACCAR Inc. is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt, DAF and Foden nameplates. It also provides financial services and distributes truck parts related to its principal business. In addition, the Bellevue, Washington-based company manufactures industrial winches under the Braden, Gearmatic and Carco nameplates. (Company Press Release)

PACCAR

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